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601 S Canal St
Carlsbad, NM 88220
Executive Suites & Hotel · Hospitality Property For Sale
·
60,000 SF
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1993 |
| Building Class | C | Parking Ratio | 3.5/1,000 SF |
| Lot Size | 6.25 AC | Corridor | Exterior |
| Building Size | 60,000 SF | ||
| Zoning | COMMERCIAL | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 6.25 AC |
| Building Size | 60,000 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Parking Ratio | 3.5/1,000 SF |
| Corridor | Exterior |
| Zoning | COMMERCIAL |
Amenities
- Business Center
- Pool
- Restaurant
- Spa
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
About 601 S CANAL ST , CARLSBAD, NM 88220
THIS PROPERTY WAS A FORMER #1 FRANCHISE HOTEL located in the best location of Carlsbad on State Highway 62/180. A great opportunity for a new owner with an enthusiastic, passionate, and experienced management team to develop and convert the property into a franchise and possibly make it the #1 property of the town and bring a cap rate to 26%. PREVIOUSLY HAD a beautiful #1 Restaurant and Bar (Phenix) providing gourmet breakfast and casual dining, cocktails and room service, bell service, Executive King Suites, fitness center, swimming pool and inground spa, free guest laundry, plain paper fax service, meeting and banquet rooms for 20 to 200 and fully accessible, fully fire alarmed and sprinkled lodging facility. AFTER ALL AMENITIES ARE FULLY DEVELOPED, PROPERTY CAN BE A JEWEL OF THE DESERT LIKE BEFORE AND POSSIBLY MAKE AN IMPRESSIVE GROSS ANNUALLY BECAUSE OF THE COUNTRY'S HOTTEST MARKET IN OIL AND GAS!!! ABSENTEE-OWNER WANTS TO SELL BECAUSE OF DISHONEST MANAGEMENT!!!
