2601 Patrick St - Hospitality FOR SALE
Carlsbad, NM 88220 |
$14,500,000 USD
602-946-4371
2601 Patrick St
Carlsbad, NM 88220
HIGHLIGHTS
- Positioned in the nation’s largest oil-producing region, which generated $100 billion in economic output and supported 854,000 jobs in 2024
- Built in 2023, the property completed its 1st year of operations with strong cash flow & continues to stabilize, offering significant growth potential
- Just 20 miles from Carlsbad Caverns National Park, attracting over 500,000 annual visitors and contributing $31 million in local economic impact
- Spanning over 6 acres with two residential homes, ideal for owner-operators or staff housing, offering operational flexibility and expansion potential
- Surrounded by top national brands like Holiday Inn Express, Hampton Inn, Fairfield Inn, Home2 Suites, and La Quinta
- 1 of only 4 Executive Residency properties across the Four Corner states, featuring rooms with full kitchenettes designed for extended stay for guests
FOR SALE DETAILS
PRICE
$14,500,000 USD
PRICE/SF
$242 USD /SF
# OF ROOMS
78
PRICE/ROOM
$185,897 {currency}
CAP RATE
8.45%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Best Western
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2023
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.88 AC
LAND SF
81,893 SF
ZONING
C
APN/PARCEL ID
4-158-129-055-297
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602-946-4371
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602-946-4371
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