$1,288,000 USD
505-639-1266
HIGHLIGHTS
- 30 doors (29 guest rooms + managers apartment)
- Added to the historic registry in 1998. Built 1946.
- One of the oldest continuously operating motels on Route 66 Pending Certificate of Occupancy, over $100,000 in recent renovations
- Located 1 mile west of The Downs Racetrack & Casino, Expo New Mexico, & Albuquerque Fairgrounds
- Approx. 135ft of Central Ave frontage
- Can be opened as a motel or renovated for another use
FOR SALE DETAILS
PRICE
$1,288,000 USD
PRICE/SF
$175 USD /SF
# OF ROOMS
30
PRICE/ROOM
$42,933 {currency}
CAP RATE
Request Cap Rate
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Historic Tewa Lodge - 30 Door Motel
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1938
PARKING SPACES
27
LAND DETAILS
LAND ACRES
0.55 AC
LAND SF
23,958 SF
ZONING
MX-M
APN/PARCEL ID
1-018-057-123180-3-25-02
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505-639-1266
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505-639-1266
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