1610 Cedar StRaton, NM 87740

Property Details for 1610 Cedar St

Year built

2000

Lot size

0.90 AC

Property size (Sq ft)

16,746 SF

Property type

Other commercial real estate

APN

1-135-185-477-048

APU

1135185477048

Description

This fee-simple, three-story hotel in Raton, New Mexico, presents a compelling investment opportunity. The property, a Super 8 by Wyndham, boasts 48 keys (32 two-bed rooms, 14 single-bed rooms, one handicap-accessible room, and one king suite), situated on a 39,204 sq ft lot with 35 parking spaces. Built in 1983 with several subsequent renovations, the hotel offers approximately 16,746 to 20,000 square feet of space and is zoned C-3. Financial records indicate total revenue (excluding taxes) ranging from $324,936 (2020) to $589,326 (2017), with average daily rates (ADR) and occupancy rates varying year to year. The asking price is $1,390,000, representing a price per key of $28,958.33. The hotel's location in Raton offers easy access to outdoor recreational activities, cultural attractions, and nearby metropolitan areas in New Mexico, Colorado, and Texas. Raton also provides convenient access to educational institutions, healthcare facilities, and a municipal golf course. The property's strong location and potential for increased revenue make it an attractive investment for owner-users seeking a foothold in the hospitality sector. All financial data provided is from previous years and should be independently verified. This information is for illustrative purposes only and does not represent a guarantee of future performance.

• Alternative Use

  Use

  Valuation

  Residential

  $4,192,638

  Hospitality

  $3,840,434

  Educational

  $3,195,196

  Medical

  $3,305,084

  Retail

  $4,970,304

Location Insight

City

Raton

County

Colfax

State

New Mexico

Latitude

36.8864

Longitude

-104.433

Property Tax & Assessments

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