Published on: Wednesday, May 28, 2025
Updated on: Wednesday, May 28, 2025
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About the Lister
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Name: Coralee Quintana
Company: Exp Realty
Office Phone: 505-639-1266 60
Cell Phone: 505-639-1266
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  Historic Tewa Lodge on Rt 66
5715 Central Ave NE Albuquerque New Mexico , 87108
5715 Central Ave NE Albuquerque New Mexico , 87108  Exp Realty
Listing ID: CL-New Mexico-25380 Motel/Lodging and Hospitality

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Quick Glance
Listing ID: CL-New Mexico-25380
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1946
Building Size: 9,087.00 SqFt
Lot Size: N/A
No of Stories: 2
No of Parking: 27
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | tewa-lodge-om25-7733b7da.pdf ( 16,553.43KB)
Listing Summary
One of the oldest continuously operating motels on Route 66 Pending Certificate of Occupancy, over $200,000 in recent renovations
Complete Details
Year Build: 1946
Building Size: 9,087 SqFt.
No of Stories: 2
Total Lot Area: N/A SqFt.
No of Parking: 27
No of Total Units: 29
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Presenting a prime investment opportunity: a historic 30-door motel (comprising 29 guest rooms and a manager's apartment) that holds a special place on the historic registry since 1998 as one of Route 66's oldest continuously operating motels. This property has recently received more than $200,000 in comprehensive renovations and is currently awaiting its Certificate of Occupancy, indicating it's nearly ready for its next chapter. Its versatile nature allows for reopening as a fully operational motel or a transformative renovation for a different purpose. The location is a significant asset, situated just one mile west of major attractions such as The Downs Racetrack & Casino, Expo New Mexico, and the Albuquerque Fairgrounds. With approximately 135 feet of highly visible frontage on Central Avenue, the property benefits from substantial daily traffic counts: 17,200 vehicles on Central Avenue, 29,600 on San Mateo Boulevard, and 12,100 on San Pedro Drive, ensuring excellent exposure for any venture.

Additional Properties
Features
  • Price Per SF $141.7/SF
  • Acres 0,5464 ac
  • Building Name Tewa Lodge
  • Tax ID Number 101805712318032502
  • Vehicles Per Day 17.200 VPD
  • Parcel APN 101805712318032502
Listing Location
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