1408 Main StLordsburg, NM 88045

Property Details for 1408 Main St

Year built

1998

Lot size

2.27 AC

Property size (Sq ft)

15,812 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional value-add opportunity presents a 40-key Econo Lodge hotel in Lordsburg, New Mexico. Situated on a 2.27-acre lot conveniently located off Interstate-10 and the Continental Divide, this two-story, 15,812 square foot property offers significant upside potential. Built in 1998, the hotel boasts a strong 7.59% cap rate and a substantial net operating income (NOI) of $113,915, with an asking price of $995,000 ($94.86/sq ft). The property includes two large manager's living quarters and ample space for truck parking, catering to a diverse clientele including leisure travelers, interstate commuters, military personnel, border patrol agents, and Union Pacific employees. Its strategic location along the popular Continental Divide trail makes it an ideal rest stop for travelers on I-10. The property is fee simple ownership and is lender-approved for SBA/USDA financing. This presents a compelling investment opportunity for those seeking a strong return and the potential for increased income and reduced expenses through on-site owner-operator management. The property's size and location offer significant advantages for maximizing revenue and operational efficiency.

Location Insight

City

Lordsburg

County

Hidalgo

State

New Mexico

Latitude

32.3401

Longitude

-108.714

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