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Royal Holiday Motel By Belvilla Gallup I-40 1903 W US Highway 66 50 Room Hotel Gallup, NM 87301 $1,200,000 ($24,000/Room)
INVESTMENT HIGHLIGHTS
- High traffic count location
- Rooms and building have been recently updated
EXECUTIVE SUMMARY
Well maintained Motel on Historic Route 66 in Gallup NM. Sitting on 2.2 acres.
PROPERTY FACTS
| Price | $1,200,000 | Building Size | 23,632 SF |
| Price Per Room | $24,000 | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1967 |
| Property Type | Hospitality | Parking Ratio | 2.81/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.23 AC | ||
| Zoning | Heavy Commercial - Used for Hospitality, retail, Civic Institutions, Restaurants, etc. | ||
| Price | $1,200,000 |
| Price Per Room | $24,000 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.23 AC |
| Building Size | 23,632 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 2.81/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Heavy Commercial - Used for Hospitality, retail, Civic Institutions, Restaurants, etc. |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 1903 W US HIGHWAY 66 , GALLUP, NM 87301
Built in 1972 and was formerly a Best Western. Property is well maintained and is located on Historic Route HWY 66 in Gallup NM.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $95.00 | - |
| Guest Room | 49 | $57.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | R022209 | Improvements Assessment | $182,465 |
| Land Assessment | $65,050 | Total Assessment | $247,515 |
PROPERTY TAXES
Parcel Number
R022209
Land Assessment
$65,050
Improvements Assessment
$182,465
Total Assessment
$247,515
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Royal Holiday Motel By Belvilla Gallup I-40 | 1903 W US Highway 66
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