1204 Santa Fe Avenue

    Grants, NM 87020
    • $798,000
    • STATUS: Active
    • ON SITE: 30 days
    • MLS #: 956037
    UPDATED: 48 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 © 2019 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: 2019-11-15T13:05:45.72.
    www.metrohomesearch.com/homes/99950065

    1204 Santa Fe Avenue Grants, NM 87020

    • Price: $798,000
    • Status: Active
    • Updated: 48 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

    Apx Lot Dim Front 200 Apx Lot Dim Side 210 Construction Block Docks 0.00 Docks YN No Door Height 7' Exterior Material None Lot Description Free Text Rectangular Lots Parking Guest ParkingOnsite Parking Spaces 22.00 Total Stories 2.0

    Interior Features

    Commercial Features CarpetingFenced YardStorage Heating 2+ UnitsHeat Pump HVAC No

    Property Features

    Annual Gross Income 287503.00 Annual Insurance 5766.00 Annual Mgmt Expense 29056.00 Annual Oper Expenses 65118.00 Annual Utilities 17383.00 Apx Taxes 1104.56 Disability Access Unknown Docs Data Available DeedSurveyTitle Policy Finance Considered CashConventional Land Ownership Land Owned Lease Information Call List Office Lease Term Months 0 Location Business Center Lot Size Source Plat Owner Broker YN No Percent Occupied 0.00 Property Access W Property Line Property Sub Type Motel Seller Assist Offered No Sq Ft Source Broker Tax Exemption No Tenant Pays None Trade Exchange Considered No Transaction Type Business Included Utilities Cable ConnectedElectricity ConnectedNatural Gas AvailablePhone ConnectedSewer ConnectedWater Connected Zoning C-2

    Listing courtesy of Exp Realty Llc. © 2019 Southwest Multiple Listing Service, Inc.
    IDX information © 2019 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: 2019-11-15T13:05:45.72.
     
    Campbell & Campbell Real Estate Services
    6715-B Academy NE
    Albuquerque NM, 87109