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Economy Inn Gallup 1709 W Historic Highway 66 50 Room Hotel Gallup, NM 87301 $699,000 ($13,980/Room)
Investment Highlights
- Fronts Historic Route HWY 66 and is one mile from downtown Gallup NM
- Has extra land and an extra free standing building as a part of the property
- Rooms were Recently updated
Executive Summary
Operating business, with additional land
Property Facts
| Price | $699,000 | Building Size | 22,000 SF |
| Price Per Room | $13,980 | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1963 |
| Property Type | Hospitality | Parking Ratio | 1.68/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.87 AC | ||
| Zoning | HC - Heavy Commercial | ||
| Price | $699,000 |
| Price Per Room | $13,980 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.87 AC |
| Building Size | 22,000 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.68/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | HC - Heavy Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
About 1709 W HISTORIC HIGHWAY 66 , GALLUP, NM 87301
Motel, built in 1963, updated in 2020-2021. Property has 50 rooms, 24 with one queen bed, 22 with two queen beds and 3 suites. Property also has an extra free standing building that, in the past, has been leased out to other businesses.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $60.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Not bikeable
10/100
Property Taxes
| Parcel Number | R037613 | Improvements Assessment | $197,748 |
| Land Assessment | $88,573 | Total Assessment | $286,321 |
Property Taxes
Parcel Number
R037613
Land Assessment
$88,573
Improvements Assessment
$197,748
Total Assessment
$286,321
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Economy Inn Gallup | 1709 W Historic Highway 66
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