For Sale
$2,500,000

1520 Candelaria RdAlbuquerque, NM 87107

46-unit hotel, renovated, owner financing.

Overview

Added:
Dec 11, 2024
Days on market:
116
This 46-unit Days Inn in Albuquerque, New Mexico, presents a compelling investment opportunity. Located at 1520 Candelaria Rd NE, Albuquerque, NM 87107, this three-story, 16,956 square foot hotel sits on a 0.51-acre lot and benefits from convenient access to I-40 and I-25 via Candelaria Avenue. Built in 1984, the property has recently undergone a complete interior renovation, boasting a brand new interior corridor. The asking price is $2,500,000, translating to $147.44 per square foot. This represents a significant value proposition, priced well below replacement cost. The property is offered fee simple, and the seller is open to exploring owner financing or lease-to-purchase options for qualified buyers. The hotel is delivered to the buyer with no PIP (property improvement plan) requirements. This is an excellent opportunity for an owner-operator to increase revenue and control operating expenses in a well-located, recently renovated hotel.

Highlights

  • Newly renovated interior corridor Days Inn.
  • Substantially below replacement cost.
  • Owner financing and lease-purchase options available.
  • No tenant improvements (PIP) required for buyer.

Property Details for 1520 Candelaria Rd

Property type
Hospitality properties, Hotels
Square Feet
16,956 SF
Year Built
1984
Stories
3
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.1145506
Longitude
-106.6270295
1520 Candelaria Rd, Albuquerque, New Mexico

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1520 Candelaria Rd
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