2160 W Picacho Ave - Hospitality FOR SALE


Las Cruces, NM 88007
$3,200,000 USD
520-664-4091
2160 W Picacho Ave, Las Cruces, NM for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

2160 W Picacho Ave
Las Cruces, NM 88007


HIGHLIGHTS

  • Motivated seller – bring all offers
  • Seller financing and lease to purchase options available
  • Multiple brand options available
  • Absentee managed from out of state owners
  • 7,200 sq. ft. warehouse included in sale that can be leased out
  • Zoned C-3, creating multiple development options

OVERVIEW

Jigar “Jay” Desai and Ryan Bodine of NewGen Advisory are proud to present for sale the Big Chile Inn & Suites - Las Cruces, NM. This 110-room, exterior corridor property offers a versatile investment opportunity on a 4.40 acre lot, zoned C-3 zoned, allowing for a range of commercial development options. The site includes a 10,850-square-foot building and a 7,200-square-foot warehouse that can be leased separately for additional income. The Big Chile Inn & Suites - Las Cruces room types include a mix of suites: kitchenettes, doubles, and singles. There are 19 rooms currently offline or under renovation and partial electrical upgrades completed for 21 units. Positioned just minutes from Interstate 10 and home to the World’s Largest Chile Pepper sculpture, the property benefits from strong visibility, tourism appeal, and easy access. The Big Chile Inn & Suites - Las Cruces is operated absentee by out-of-state ownership and presents significant upside with multiple brand conversion opportunities. The seller is highly motivated and open to creative deal structures, including seller financing and lease-to-purchase options—making this a standout value-add opportunity in a strategic location.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$295 USD /SF

# OF ROOMS

114

PRICE/ROOM

$28,070 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Big Chile Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.4 AC

LAND SF

191,664 SF

ZONING

C3

APN/PARCEL ID

02-00427

ASK ABOUT THIS PROPERTY

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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