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Historic Motel on Route 66

5715 Central Ave NE, Albuquerque, NM

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For Sale

Contact for pricing

30-door motel with recent renovations, development potential.

Type:RETAIL

Property size:

9,087 SF

Lot size:

0.55 Acres

Price / SF:

$109/SF

HighLights

Over $200,000 in recent renovations
High traffic location: Approx. 135ft of Central Ave frontage with 17,200 VPD
30 doors (29 guest rooms + managers apartment)
Located 1 mile west of The Downs Racetrack & Casino, Expo New Mexico, & Albuquerque Fairgrounds
Can continue operating as a motel or renovate for another use
One of the oldest continuously operating motels on Route 66

We can help!

Contact an agent

Coralee Quintana, MBA

For Sale

Contact for pricing

30-door motel with recent renovations, development potential.

Type:RETAIL

Property size:

9,087 SF

Lot size:

0.55 Acres

Price / SF:

$109/SF

Added:: Apr 9, 2025
Days on Market:: 444
Last Refresh:: May 20 at 8:06 pm

Property Features for 5715 Central Ave NE

General Information

Standard status: Active
Size: 9,087 SF
Lot size: 0.55 Acres
Property subtype: RETAIL

We can help!

Contact an agent

Coralee Quintana, MBA

Listing office eXp Realty

Listing date Apr 9, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty

HighLights

Over $200,000 in recent renovations
High traffic location: Approx. 135ft of Central Ave frontage with 17,200 VPD
30 doors (29 guest rooms + managers apartment)
Located 1 mile west of The Downs Racetrack & Casino, Expo New Mexico, & Albuquerque Fairgrounds
Can continue operating as a motel or renovate for another use
One of the oldest continuously operating motels on Route 66

Overview

This property features 30 doors, including 29 guest rooms and a manager's apartment. Added to the historic registry in 1998, it stands as one of the oldest continuously operating motels on Route 66. Recent renovations have totaled over $200,000. The property offers flexibility, as it can continue operating as a motel or be renovated for an alternative use. It has approximately 135 feet of frontage on Central Avenue, with a traffic count of 17,200 vehicles per day. The location benefits from high visibility, with 29,600 vehicles per day on San Mateo Boulevard and 12,100 vehicles per day on San Pedro Drive. The property is situated one mile west of The Downs Racetrack & Casino, Expo New Mexico, and the Albuquerque Fairgrounds. The property size is 9,087 square feet.

Local Financial Insights For Hotel Hospitality

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$130.9k	$14.40
− Vacancy	−$15.7k	−$1.73
EGI	$115.2k	$12.67
− OpEx	−$60.5k	−$6.65
NOI	$54.7k	$6.02

9,087 SF · lease $14.40/SF/yr · vacancy 12.00% · expense 52.50%

Alternative Uses

Best Use

Hotel Hospitality

$781.4K

$683.7K – $911.6K (±1% cap)

NOI $54,696 @ 7.0% cap · market cap 5.48%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.20M

$1.92M – $2.56M (±1% cap)

NOI $153,883 @ 7.0% cap · market cap 15.42%

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

Property Profile Location Intelligence

Current Use by Public Records

Tewa Lodge Hotel & Motel Albuquerque Fire Station ... Fire Station

Suggested Use

Similar Places Nearby

Tramway Inn — 13139 Central Ave NE, Albuquerque, NM 87123
Desert Sands Inn & Suites Albuquerque — 13317 Central Ave NE, Albuquerque, NM 87123
Motel 6 Albuquerque, NM - Northeast — 13141 Central Ave NE, Albuquerque, NM 87123
Mike Franklin — 12901 central ave ne, albuquerque, nm 87123
Budget Host Inn — Albuquerque, NM 87123

Location Insight

Map
Local Demand

City: Albuquerque
County: Sandoval
State: New Mexico
Longitude: -106.701
Latitude: 35.0826

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For sale
Motels
NM
Albuquerque
5715 Central Ave NE

What type of property is this?

Motel - 30-door motel with recent renovations, development potential.

Where is this motel located?

The property is located at 5715 Central Ave NE Albuquerque, NM.

What is the asking price?

The asking price for this property is $998,000.

What are key features of this property?

This property features: Over $200,000 in recent renovations; High traffic location: Approx. 135ft of Central Ave frontage with 17,200 VPD; 30 doors (29 guest rooms + managers apartment)

5715 Central Ave NE, Albuquerque, NM

30-door motel with recent renovations, development potential.

Property Features for 5715 Central Ave NE

General Information

We can help!

HighLights

Overview

Local Financial Insights For Hotel Hospitality

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Prime Albuquerque Retail Portfolio

Renovated 8-Unit Apartment Complex

Assisted Living Residential Facility

Albuquerque Multifamily Investment Opportunity

Soft-Gated Multifamily Community

Climate-Controlled Flex Warehouse with Bay Door

South Valley Investment Opportunity

Restored Adobe Duplex Property

Albuquerque Fourplex with Laundry

UNM Area Apartment Complex

Turnkey Assisted Living Facility

Albuquerque Multifamily Investment Opportunity

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