For Sale
$2,500,000

1520 Candelaria Rd NE Albuquerque, NM 87107

46-unit hotel, fully renovated, prime location.

Overview

Added:
Jan 28
Days on market:
91
This exceptional investment opportunity presents a fully renovated, 46-unit Days Inn hotel in Albuquerque, New Mexico. Strategically located near the intersection of I-25 and I-40, this interior corridor property boasts convenient access for travelers. The hotel underwent a complete modernization within the past year, offering a fresh and updated experience for guests. This presents a significant advantage for an owner-operator seeking to maximize revenue and control operating expenses. The property is currently absentee-managed, providing potential for increased profitability under active management. The asking price is significantly below replacement cost, making this a compelling investment. Furthermore, owner financing or lease-to-purchase options may be available to qualified buyers, offering flexible acquisition pathways. The property is being delivered to the buyer without any required property improvement plans (PIPs). Albuquerque, New Mexico's largest city, offers a vibrant cultural scene and is known for its annual International Balloon Fiesta, attracting a substantial tourist population. This Days Inn benefits from its proximity to both I-25 and I-40, ensuring high visibility and accessibility for travelers. This is a rare opportunity to acquire a well-positioned, recently renovated hotel in a thriving market.

Highlights

  • Fully renovated 46-unit Days Inn in Albuquerque, NM.
  • Convenient I-40 & I-25 access, ideal for travelers.
  • Owner financing or lease-to-purchase options available.

Property Details for 1520 Candelaria Rd NE

Property type
Hotels, Hospitality properties
Square Feet
13,875 SF
Price / Square Foot
$180.18
Year Built/Renovated
1984/2023
Buildings
1
Stories
3
Elevators
N/A
Units
46

Location Insight

City
Albuquerque
County
State
New Mexico

FAQs

What type of property is this?
Hotel - 46-unit hotel, fully renovated, prime location.
Where is the hotel located?
The property is located at 1520 Candelaria Rd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully renovated 46-unit Days Inn in Albuquerque, NM.; Convenient I-40 & I-25 access, ideal for travelers.; Owner financing or lease-to-purchase options available.
How can I contact the broker?
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1520 Candelaria Rd NE
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