311 W Fox St - Hospitality FOR SALE


Carlsbad, NM 88220
$2,950,000 USD
512-842-9211
311 W Fox St, Carlsbad, NM for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

311 W Fox St
Carlsbad, NM 88220


HIGHLIGHTS

  • The property has undergone extensive renovations, offering updated décor, comfortable rooms, and upgraded common areas.
  • As an absentee-owned hotel managed by a 3rd party (Lark Hospitality), a more active owner/operator would have the opportunity to make improvements.
  • NM has lower property taxes than other states. The hotel’s average annual property tax has been approx. $1,600 ($40 per room) over the last two years.
  • The hotel’s average rooms revenue exceeded $790,000 (rounded) in 2023 and 2024.
  • The nearby attraction Carlsbad Caverns National Park, (a UNESCO World Heritage Site), which alone draws 400,000-500,000 visitors annually.
  • Major employers in Eddy County & nearby Lea County include Halliburton, ConocoPhillips, Chevron, Baker Hughes, & Patterson-UTI Drilling Co.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=151258 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the unique opportunity to acquire the Post Time Inn, a 40-key independent motel in Carlsbad, New Mexico. The property presents a compelling investment given the potential to brand the hotel with a major franchise, if desired, aligned with the demand trends of the local market. Strategically positioned along Hobbs Highway/U.S. Highway 62, the property benefits from its proximity to the city of Hobbs and Lea County.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$96 USD /SF

# OF ROOMS

40

PRICE/ROOM

$73,750 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Post Time Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1955

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,397 SF

ZONING

-

APN/PARCEL ID

4-157-127-238-367,P201061

ASK ABOUT THIS PROPERTY

512-842-9211

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512-842-9211

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