1204 E Santa Fe Avenue

    Grants, NM 87020
    • $798,000
    • STATUS: Active
    • ON SITE: 175 days
    • MLS #: 956037
    UPDATED: 10 min ago
    $798,000
    • 0
      BEDS
    • 1.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,598
      SQFT
    • $93
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    The City of Grants is expecting 35% job growth over the next 9 years. The Main Street Project is revitalizing downtown Grants and much more is going on in this beautiful region near El Malpais National Monument. There is a large variety of outdoor recreation, art and culture. This renovated vintage motel is being offered at proforma cap of 26.6% based on Grants 54.7% hospitality occupancy at only $45 per night ($62.15 avg) with high speed wifi and cable equally distributed throughout the property! Excellent boutique opportunity based on Sean Penn's filming at this location.

    Monthly Payment Calculator



    IDX information © 2020 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2020-04-08T08:04:52.02.
    www.metrohomesearch.com/homes/99950065

    1204 E Santa Fe Avenue Grants, NM 87020

    • Price: $798,000
    • Status: Active
    • Updated: 10 min ago
    • MLS #: 956037
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.52
    Acres
    8,598
    SQFT
    $93
    $/SQFT
    Neighborhood:
    390 - Cibola
    County:
    Cibola
    Area:
    390 - Cibola
    Property Description
    The City of Grants is expecting 35% job growth over the next 9 years. The Main Street Project is revitalizing downtown Grants and much more is going on in this beautiful region near El Malpais National Monument. There is a large variety of outdoor recreation, art and culture. This renovated vintage motel is being offered at proforma cap of 26.6% based on Grants 54.7% hospitality occupancy at only $45 per night ($62.15 avg) with high speed wifi and cable equally distributed throughout the property! Excellent boutique opportunity based on Sean Penn's filming at this location.
    Exterior Features

    Construction Materials Block Fencing Yard Fenced Parking Features GuestOn Site Parking Total 22 Stories Total 2

    Interior Features

    Cooling 2 Units Cooling YN No Electric On Property YN Yes Flooring Carpet Heating Heat PumpMultiple Heating Units Heating YN Yes

    Property Features

    Building Area Total 8598 Community Features Fenced YardStorage Facilities Disclosures Ranm 2100 Disclosure Gross Income 287503 Insurance Expense 5766 Land Lease YN No Leasable Area 0 Listing Agreement Exclusive Right To Sell Operating Expense 65118 Property Sub Type Hotel/Motel Property Sub Type Additional Hotel/Motel Tax Annual Amount 1105 Tenant Pays None Utilities Cable ConnectedElectricity ConnectedNatural Gas AvailablePhone ConnectedSewer ConnectedWater Connected Zoning Description C-2

    Listing courtesy of Exp Realty Llc. © 2020 Southwest Multiple Listing Service, Inc.


    IDX information © 2020 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2020-04-08T08:04:52.02.
     
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    Albuquerque NM, 87109