For Sale
$899,000

2724 Marland BlvdHobbs, NM 88240

21-Unit Motel, Excellent Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 21-unit motel in Hobbs, New Mexico, presents a compelling investment opportunity. Located at 2724 W Marland Boulevard, this well-maintained property sits on a 1.04-acre lot and is offered at $899,000. The hotel boasts a mix of 6 double rooms and 15 single rooms, each designed for guest comfort with a private bedroom and bathroom. Adding to its appeal is a spacious on-site apartment, ideal for an owner/manager or as a rental unit generating additional revenue. Operational efficiency is enhanced by an included laundry room for guest use and a dedicated utility room. The property's prime location in Lea County, New Mexico, zip code 88240, ensures high occupancy rates and strong income potential. This turnkey business is ready for immediate operation, offering a significant return on investment for the discerning buyer. The property's convenient amenities and strategic location make it an attractive choice for travelers, ensuring consistent demand. This is a rare opportunity to acquire a profitable and well-established hospitality business in a thriving market. Don't miss this chance to own a successful and established motel.

Property Details for 2724 Marland Blvd

Property type
Hospitality properties, Hotels
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Hobbs
County
Lea
State
New Mexico
Latitude
32.6972752
Longitude
-103.1710997
2724 Marland Blvd, Hobbs, New Mexico

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2724 Marland Blvd
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