Listing Summary
One of the oldest continuously operating motels on Route 66 Pending Certificate of Occupancy, over $200,000 in recent renovations
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.
Quick Glance
- Listing ID:
CL-New Mexico-25380
- Status:
Active
- Year Build:
1946
- Building Size:
9,087 SqFt
- Lot Size:
N/A