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1204 E Santa Fe Ave
Grants, NM 87020
Leisure Lodge Motel · Hospitality Property For Sale
·
11,924 SF
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 11,924 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1969/2019 |
| Lot Size | 1.52 AC | Corridor | Exterior |
| Zoning | Commercial - Total Land available is 3.1656 Acres. Please also note an adjacent, additional 1.65 acres parcel is also available for purchase ($144,000). | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.52 AC |
| Building Size | 11,924 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2019 |
| Corridor | Exterior |
| Zoning | Commercial - Total Land available is 3.1656 Acres. Please also note an adjacent, additional 1.65 acres parcel is also available for purchase ($144,000). |
AMENITIES
- Balcony
- Pool
- High Speed Internet Access
ABOUT 1204 E SANTA FE AVE , GRANTS, NM 87020
Leisure Lodge Motel: eXp Realty LLC is proud to offer the 32 Room Leisure Lodge Motel located conveniently off the Historic Route 66, with access to Interstate 40. This renovated vintage motel is visible to travelers heading both north and south on Route 66 and is a three-minute drive to the New Mexico Mining Museum and the Route 66 Neon Drive-Thru Sign. Less than two miles from Northwest New Mexico Visitor Center and entrance to the El Malpais National Monument, the motel is only a fifteen-minute walk from Downtown Grants. The town of Grants, most known for its historic pueblos, art and culture, offers a wide variety of outdoor recreations, restaurants, motels, and much more! The region is surrounded by beautiful scenic vistas of mountains and mesas, historical attractions, and must-see state parks! This is a high traffic area for outdoor recreational travelers and a great place to do business. Area tenants include Holiday Inn, Sure Stay, Best Western, Taco Bell, Canton Café, Blakes Lotaburger, Allsups, John Brooks, Wells Fargo and Verizon. Price: $798,400 Rooms: 32 Price per Door: $24,950 Square Feet: 8,598 SF Price per SF: $92.86 Year Built: 1960 Year Renovated: 2019 Acres: 1.5156 Additional Land: 1.65 Acres Land Price: $148,000 Proforma Cap Rate: 26.6% Features: Sean Penn filmed cult classic 21 Grams here! Vintage tile and vanities High Speed Wifi equally distributed Direct TV equally distributed to all rooms New water heater and softener Plumbing re-done Semi-Truck Parking Heat pump heating and air conditioning New paint and carpet. New block wall to south Secure foundation One-bedroom manager’s unit Additional 1.65 Acres of land to North
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $35,394 | |
| Land Assessment | $34,517 | Total Assessment | $69,911 |
PROPERTY TAXES
