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1903 Historic Highway 66 Gallup, NM 87301

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For Sale
$1,200,000

Gallup, NM Motel - 50 Rooms, 2.24 Acres

Property size:
21,350 SF

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

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Listing Contact
George Anast

Listing Agency: Keller Williams Realty Gallup Living Listing Agent: George Anast

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Royal Holiday Motel Hotel & Motel

Suggested Use

Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Hotel & Motel Department Store Kitchen & Bath Showroom

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

Location Insight

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

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.
More about this property
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