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1445 S 2nd St
Raton, NM 87740
Oasis Restaurant, Motel & House · Hospitality Property For Sale · 12,104 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.71 AC
Building Size 12,104 SF
No. Stories 1
Year Built 1970
Tenancy Single
Corridor Exterior
Zoning C-3

AMENITIES

  • Restaurant
  • Spa

ABOUT 1445 S 2ND ST , RATON, NM 87740

JDS Real Estate Services, Inc. is pleased to present the sale of the Oasis Restaurant & Motel located in Raton, NM. An independent 14 room property on the east side of Highway 64, just north of Woodrow Ave, and is easily visible from Interstate-25, which is the main interstate through the Buffalo Wyoming to Las Cruces, NM. Future Upside Potential The motel and restaurant currently has no historical financial data, given the market and location this property is positioned to perform well. The hotel was recently renovated and brought up to standards of stay worthy independent motel, which suggest that the motel has not yet stabilized and profit can only increase. Strong Performing Future Independent Asset The motel offers prospective buyer the opportunity to acquire an independently branded cash flowing asset. The motel has consistently performed well in prior years before the pandemic. The market and revenue is expected to increase as the motel will continue to cash flow in the coming years. Unencumbered by Management The motel is ideally offered unencumbered by management, providing a buyer with full optionality, including new management. The option of keeping the current management in place may be available as well. High Visibility In-Town Location The motel boasts an excellent, high visibility on on Highway 64 and is close to restaurants, shops and other various businesses as well as between two exits off of Interstate-25.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12707
Land Assessment
$30,657
Improvements Assessment
$92,870
Total Assessment
$123,527
  • Listing ID: 23751525

  • Date on Market: 7/22/2021

  • Last Updated:

  • Address: 1445 S 2nd St, Raton, NM 87740

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