585 Calle La Placita - Hospitality FOR SALE


Lincoln, NM 88338
$649,000 USD
575-653-4300
585 Calle La Placita, Lincoln, NM for Sale
$649,000 USD
Hospitality - FOR SALE
1/34
null | 8% Cap Rate

585 Calle La Placita
Lincoln, NM 88338


HIGHLIGHTS

  • Historic District
  • Heavy foot traffic tourist area
  • Mountain views
  • Adobe

OVERVIEW

This is a TURN-KEY B&B / Boutique Hotel property! Own a piece of the Old West in Billy the Kid country! The Wortley Hotel, built in 1874, is in historic Lincoln, New Mexico, where thousands of visitors each year tour this storied town and enjoy its exciting events. This adobe gem is an active Bed and Breakfast as it continues to take reservations. Step back in time when you enter the main room, with its ornate bar and wood-burning fireplace, and soak in the warm Western charm. It's 6 bedrooms – including 2 suites – and 9 bathrooms feature modern amenities and rustic appeal. The inviting sunroom is just off the "Sitting Porch" and the original hotel lobby office is immediately inside the front door. The current owners' suite features a sitting room, bedroom, 1 & 1/2 baths and private porch. The large, fully-equipped commercial kitchen is suitable for catering, as a restaurant, events and more. This property includes antique furnishings, vintage decor, linens/towels, supplies, etc., making it instantly move-in ready. Consider this property as an event venue, bed & breakfast, restaurant, or even a private residence. The welcoming front porch looks onto the old Courthouse and jail from which Billy the Kid made his final escape, and the large back yard showcases unobstructed Capitan Mountain views. A small barn and chicken coop, plus two storage sheds, complete that area. The property backs up to a walking path along the Bonito River and offers excellent access to tour Lincoln’s many historic buildings. Cash or Commercial Loan required. For more information, please visit our website: WortleyHotel.com

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$173 USD /SF

# OF ROOMS

6

PRICE/ROOM

$108,167 {currency}

CAP RATE

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wortley Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1872

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

4088053412391000000

ASK ABOUT THIS PROPERTY

Marian CarpenterWortley HotelMore Info
575-653-4300

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Marian CarpenterWortley HotelMore Info
575-653-4300

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