For Sale
$995,000

1408 Main StLordsburg, NM 88045

40-key hotel, prime I-10 location, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add opportunity presents a 40-key Econo Lodge hotel in Lordsburg, New Mexico. Situated on a 2.27-acre lot conveniently located off Interstate-10 and the Continental Divide, this two-story, 15,812 square foot property offers significant upside potential. Built in 1998, the hotel boasts a strong 7.59% cap rate and a substantial net operating income (NOI) of $113,915, with an asking price of $995,000 ($94.86/sq ft). The property includes two large manager's living quarters and ample space for truck parking, catering to a diverse clientele including leisure travelers, interstate commuters, military personnel, border patrol agents, and Union Pacific employees. Its strategic location along the popular Continental Divide trail makes it an ideal rest stop for travelers on I-10. The property is fee simple ownership and is lender-approved for SBA/USDA financing. This presents a compelling investment opportunity for those seeking a strong return and the potential for increased income and reduced expenses through on-site owner-operator management. The property's size and location offer significant advantages for maximizing revenue and operational efficiency.

Highlights

  • Significant value-add opportunity through increased income and reduced operating expenses.
  • Spacious on-site manager's unit.
  • Excellent interstate access.
  • SBA/USDA financing pre-approved.

Property Details for 1408 Main St

Property type
Hospitality properties, Motels
Square Feet
15,812 SF
Year Built
1998
Buildings
1
Stories
2
Lot Size (sq. ft)
98,881 SF

Location Insight

City
Lordsburg
County
Hidalgo
State
New Mexico
Latitude
32.3401016
Longitude
-108.7144815
1408 Main St, Lordsburg, New Mexico

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1408 Main St
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