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    1903 Historic Highway 66 Gallup, NM 87301

    For Sale
    $1,200,000

    Gallup, NM Motel - 50 Rooms, 2.24 Acres

    Property size:
    21,350 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a well-maintained 50-room motel situated on 2.24 acres of land along the iconic West Historic Highway 66 in Gallup, New Mexico. The property boasts a diverse room configuration to cater to a wide range of guests. Fifteen rooms feature single king-size beds, fifteen offer two double beds, sixteen provide two queen beds, and four family rooms accommodate families with three beds. This established motel benefits from an existing customer base and strong location on a well-traveled route. The sale includes additional adjacent land, presenting potential for expansion or future development. Adding to the property's appeal is a convenient two-bedroom manager's apartment attached to the office, providing comfortable on-site living. A dedicated breakfast area is available for guests, enhancing the overall guest experience. The asking price for this turnkey operation is $1,200,000. This represents a significant opportunity for investors seeking a profitable venture in a desirable location with considerable growth potential. The property's size, room variety, and existing infrastructure make it an attractive proposition for both seasoned investors and newcomers to the hospitality sector. The inclusion of extra land offers flexibility for future expansion or diversification of the business. This is a rare chance to acquire a well-established motel with significant upside potential in a vibrant and historically significant area.

    Property Features for 1903 Historic Highway 66

    General Information

    Property type
    Other commercial real estate
    Square Feet
    21,350 SF
    Lot Size
    97,574 SF

    Building Details

    Year Built
    1972
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Royal Holiday Motel Motel

    Suggested Use

    Restaurant Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Auto Parts Store Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.7725
    Latitude
    35.51821

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    FAQs

    What type of property is this?
    Commercial real estate - Gallup, NM Motel - 50 Rooms, 2.24 Acres
    Where is this commercial real estate located?
    The property is located at 1903 Historic Highway 66 Gallup, NM.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (505) 488-2344
    Request Owner's contact information
    1903 Historic Highway 66 Gallup, NM 87301
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    Gallup, NM 87301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1903 Historic Highway 66 Gallup, NM 87301
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