203 N 2nd St - Hospitality FOR SALE
Artesia, NM 88210 |
203 N 2nd St
Artesia, NM 88210
HIGHLIGHTS
- The Property benefits from a central location in the heart of Downtown Artesia, near the major intersection of U.S. Highways 82 and 285.
- The Hotel is institutionally operated with a full staff in place. Great upside exists for a more “hands-on” owner/operator.
- The Hotel’s July 2023 trailing-twelve-month (TTM) rooms revenue equated to $1,078,000 (rounded).
- Basic training for all U.S. Border Patrol Agents occurs at the 3,620-acre Federal Law Enforcement Training Centers (FLETC)-Artesia.
- Current ownership originally developed the Property in 2007 and has maintained the physical asset well.
- The Property was exceptionally designed with Art Deco architecture.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Spark by Hilton Artesia
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
50399
STORIES
2
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2009
PARKING SPACES
49
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
Commercial
APN/PARCEL ID
4-152-098-436-474
