DuplicateGallup, NM 87301

This exceptional investment opportunity presents a 21-room motel situated on the iconic Route 66 in Gallup, New Mexico. Built in 1940, the 6,966 square foot property boasts a classic Travel Lodge style and sits on a substantial 22,487 square foot lot zoned for heavy commercial use. Its prime location directly adjacent to an I-40 off-ramp ensures high visibility and accessibility, placing it within easy walking distance of numerous amenities including restaurants, grocery stores, and auto repair shops. Currently closed, this motel presents a unique chance to either revitalize a retro-themed hospitality business or repurpose the land for a new venture. The single-story building offers significant potential for renovation or redevelopment. The asking price is $350,001, translating to $50.24 per square foot. Note that the seller also owns an adjacent property and is open to negotiating a discounted price for the purchase of both motels. This presents a rare opportunity to acquire a piece of Route 66 history with significant upside potential in a thriving New Mexico location. The property is privately owned.