68 Us 380 HwyTatum, NM 88267
- Hospitality properties
- 4.02 AC
Property Details for 68 Us 380 Hwy
- Year built
- 1980
- Lot size
- 4.02 AC
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional investment opportunity presents a 19-unit motel situated on a spacious 4.02-acre lot in Tatum, New Mexico. Built in 1980, the property includes a 3-bedroom, 1-bathroom home with an integrated office space, offering additional potential for management or rental income. The motel itself comprises nineteen individual units, presenting a significant revenue stream. The property is being sold "as-is," with the seller not undertaking any pre-sale repairs. This presents a unique chance for a buyer to renovate and upgrade the property to their specifications, potentially increasing its value and profitability. Located at 68 W US 380 Highway, Tatum, NM 88267, this property benefits from its convenient location within Lea County. The asking price is $149,500, making it an attractive proposition for investors seeking a substantial return on investment in the hospitality sector. The substantial lot size offers potential for future expansion or development. This is a prime opportunity to acquire a well-established motel with significant upside potential. Serious inquiries only.
Location Insight
- City
- Tatum
- County
- Lea
- State
- New Mexico
- Latitude
- 33.2577
- Longitude
- -103.346
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