106 State StTexico, NM 88135

This exceptional investment opportunity presents a 97,000 USD priced hotel located at 106 & 114 State Street, Texico, New Mexico, zip code 88135. Situated directly on the New Mexico/Texas border, this property boasts a highly visible location adjacent to the "Welcome to Texico" sign. The building, previously operating as a motel, offers significant redevelopment potential. Its adaptable design allows for conversion into apartments or other commercial uses, catering to a diverse range of future tenants. The property includes ample parking, a significant advantage for both residential and commercial ventures. The existing structure provides a solid foundation for a renovation project, presenting a unique chance to capitalize on the strategic border location and high traffic visibility. The property's address is clearly visible from the main road, ensuring high visibility for any future business. This is a rare chance to acquire a property with substantial upside in a growing area. The asking price of $97,000 makes this an attractive investment opportunity for those seeking a project with significant return potential. The property is classified as hospitality, with a subtype of hotel. The county is Curry County.