1820 S 1st St - Hospitality FOR SALE


Artesia, NM 88210
$1,925,000 USD
818-851-3315
1820 S 1st St, Artesia, NM for Sale
$1,925,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

1820 S 1st St
Artesia, NM 88210


HIGHLIGHTS

  • 34 Rooms, On-Site Manager's Apartment
  • 2025 Net Income $277,589 (14% Cap Rate)
  • Recently Branded and Renovated, Well-Positioned for Growth
  • Renovated to Latest Motel 6 Design Standard (Gemini), Little-to-No PIP Expected
  • Ideal Investment Opportunity for an Owner-Operator

OVERVIEW

The Motel 6 in Artesia is a 34 room hotel in southeastern New Mexico. It was previously operated as an independent hotel. In October 2024 ownership branded the hotel with Motel 6 and renovated the hotel to the latest Motel 6 design standard (Gemini), and the business has experienced strong growth as a result. With renovations now completed and growing revenue since branding with Motel 6, the hotel is well-positioned for new ownership to continue developing this growing business. With 34 rooms, the hotel is a nice manageable-sized operation with modest staffing needs. The hotel includes a manager's apartment allowing for efficient onsite management. Motel 6 is a well-regarded economy brand with low overhead costs. Artesia is located in southeastern New Mexico and has four primary economic drivers: oil & gas production, oil refining, the Federal Law Enforcement Training Center, and Agriculture. It is a major hub for oil and gas production in the Permian Basin and is home to HF Sinclair Refinery which has a crude oil capacity of 100,000 barrels per day. Artesia is home to one of four Federal Law Enforcement Training Centers in the U.S. where federal agents, including border patrol, are trained, bringing a regular flow of personnel to the area. Agriculture is also an active part of the economy, and the surrounding valley is home to some of the largest pecan orchards in the world. The local economy is very strong: the unemployment rate in the Artesia area is well below the national average and household incomes are among the highest in the state. Artesia features plenty of sunshine year-round and very mild winters. Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$136 USD /SF

# OF ROOMS

34

PRICE/ROOM

$56,618 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Artesia

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

-

APN/PARCEL ID

4-152-100-513-275

ASK ABOUT THIS PROPERTY

Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

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Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.