1709 Historic Highway 66Gallup, NM 87301-0000
- Hospitality properties
- 2.03 AC
Property Details for 1709 Historic Highway 66
- Year built
- 1962
- Lot size
- 2.03 AC
- Property type
- Hospitality properties
- Property subtype
- Other hospitality properties
Description
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.
Location Insight
- City
- Gallup
- County
- McKinley
- State
- New Mexico
- Latitude
- 35.5196
- Longitude
- -108.768
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