For Sale
$699,000

1709 Historic Highway 66Gallup, NM 87301-0000

50-Room Gallup Motel, Updated Units

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 50-room motel, situated on over two acres of land at 1709 W Historic Hwy 66 in Gallup, New Mexico, presents a compelling investment opportunity. Built in 1962, this established property boasts two buildings, each two stories high, and is zoned for commercial use. The motel features a mix of room configurations to accommodate diverse guest needs: 24 single-bed units, 22 double-bed units, and 3 triple-bed units. Many rooms have recently undergone renovations, with updates continuing. The property's prime location is just half a mile from downtown Gallup, placing it within easy reach of local attractions and amenities. Adding to its potential, an additional freestanding building on the property has historically been leased to local businesses, offering further income streams. This property is located in McKinley County, NM, zip code 87301, and sits on a 2.033-acre lot. The asking price for this established motel is $699,000. This presents a rare chance to acquire a well-positioned hospitality asset with significant upside potential in a vibrant location.

Highlights

  • $699,000 asking price for this hospitality property.
  • 50-room motel on Historic Route 66, half-mile from Gallup's downtown.
  • Two-story, two-building motel built in 1962, situated on a 2.033-acre lot.
  • Room mix includes 24 single, 22 double, and 3 triple occupancy units; many recently updated.
  • Includes a separate building previously leased to local businesses; commercially zoned.

Property Details for 1709 Historic Highway 66

Property type
Hospitality properties, Motels
Year Built
1962
Buildings
2
Stories
2
Lot Size (sq. ft)
88,557 SF

Location Insight

City
Gallup
County
McKinley
State
New Mexico
Latitude
35.5196061
Longitude
-108.7676381
1709 Historic Highway 66, Gallup, New Mexico

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1709 Historic Highway 66
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