This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1765 S Main St
Las Cruces, NM 88005
Best Western Mission Inn - Las Cruces NM · Hospitality Property For Sale
·
48,066 SF
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1945/2018 |
| Building Class | B | Parking Ratio | 1.58/1,000 SF |
| Lot Size | 3.61 AC | Corridor | Exterior |
| Building Size | 48,066 SF | ||
| Zoning | C2 - Commercial, C-2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.61 AC |
| Building Size | 48,066 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1945/2018 |
| Parking Ratio | 1.58/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 - Commercial, C-2 |
Amenities
- Balcony
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 1765 S MAIN ST , LAS CRUCES, NM 88005
Employees Unaware of Sale. Do NOT contact or visit hotel/employees without prior consent! Please Contact Agent Contact Below for more information and downloadable Offering Memorandum. The Best Western Mission Inn in Las Cruces New Mexico is a fully renovated 68 room, two story, exterior corridor motel built in 1945 and completely renovated in 2017 and 2018. With increasing room revenue over three years and achieving TripAdvisor's "Certificate of Excellence," this property easily earns the #8 of 34 hotel rating over many newer higher tier competitors including Holiday Inn Express, La Quinta, SpringHill Suites, Staybridge, Fairfield Inn, and TownePlace in town. Ideally situated along Main Street, close to the intersections of two major Interstates, I25 and I10, this property is strategically located to capture local, transient highway travel, corporate, and destination guests. With fully updated 370 sqft rooms, and currently eligible for automatic transfer with Best Western, this motel represents a turn-key investment for a new owner. Priced to sell at 2.75 x room sales with a healthy 9.2% cap rate on trailing 12 month actuals, a new buyer has the potential to achieve a 5 year levered IRR of over 50%. This property is ideal for an on-site or local operator as the motel includes a three room live-in manager unit. Another local and growing attraction is Virgin Galactic, the world's first commercial space line which is headquartered in Las Cruces. Virgin Galactic is a sister company to Spaceport America, "the world's first purpose-built commercial spaceport." Sir Richard Branson founded these companies with plans to operate flights out of Spaceport America Complex in New mexico, 45 miles north of Las Cruces. Spaceport America has seen the successful competition of several manned, suborbital flights funded by Sierra and Dona Ana counties as well as the state of New Mexico. This will be the location for the future training and launch of astronauts on these travel missions. Qualifying Broker Matt Reeves Western States Commercial Real Estate 19104
