801 W Broadway Ave - Hospitality FOR SALE


Bloomfield, NM 87413
$1,200,000 USD
505-634-8075
801 W Broadway Ave, Bloomfield, NM for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

801 W Broadway Ave
Bloomfield, NM 87413


HIGHLIGHTS

  • Established 19-room independent motel with existing operations; guest rooms offered furnished
  • Corner lot with approx. 124 feet of frontage and excellent visibility on US Highway 64 / W. Broadway
  • Separate 2-bedroom, 1-bath manager's residence connected to the office - onsite housing without losing room inventory
  • Public guest laundry plus separate employee laundry for linens and housekeeping, office and storage on site
  • Value-add upside through increased occupancy, online booking platforms and expanded marketing

OVERVIEW

INVESTMENT OPPORTUNITY on US Highway 64 in Bloomfield, NM. The Bloomfield Motel is an established 19-room independent motel offering existing operations, onsite management accommodations and significant value-add potential. Situated on a 0.564-acre corner lot with approximately 124 feet of frontage, the property offers excellent visibility along W. Broadway/US 64. The motel features a variety of studio guest-room configurations accommodating both nightly and extended stays, including one one-bedroom apartment unit. Guest rooms are offered furnished, allowing the next owner to continue operations following acquisition. A separate 2-bedroom, 1-bath manager's residence is connected to the office, providing convenient onsite housing for an owner or manager without sacrificing motel room inventory. Operational features include a public guest laundry, separate employee laundry for motel linens and housekeeping, office, storage and onsite parking. Current ownership has made improvements to the property, providing the next owner an opportunity to build upon an established operation. Currently operating below full capacity and with limited online booking exposure, the motel offers considerable upside potential through increased occupancy, expanded marketing, online booking platforms and continued operational improvements. An attractive opportunity for a hospitality investor, entrepreneur or hands-on owner/operator seeking an income-producing property with multiple avenues for future growth. Buyer to independently verify all property, financial and operational information.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$175 USD /SF

# OF ROOMS

19

PRICE/ROOM

$63,158 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bloomfield Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

(CCD)

APN/PARCEL ID

0060558

ASK ABOUT THIS PROPERTY

Shelbi AllenColdwell Banker CornerstoneMore Info
505-634-8075

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Shelbi AllenColdwell Banker CornerstoneMore Info
505-634-8075

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