Former Red Lion Redevelopment
1501 E Santa Fe Ave Grants, NM 87020
1501 E Santa Fe Ave, Grants, NM, 87020
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For Sale
Contact for pricing
Value-add opportunity in Grants, New Mexico off I-40.
Property Size183,757 SF
Price / SF$13.60
Days on Market139
Property Features for 1501 E Santa Fe Ave
General Information
- Standard status
- Active
- Size
- 183,757 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1968
Listing agency
NewGen Advisory Phoenix
(520) 664-4091
Listed by
Jigar "Jay" Desai · License #AZ SA675144000
Source
Crexi
Added: Mar 4 Updated: Jul 10 at 3:53PM Checked: Jul 19 at 3:26AM
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 NewGen Advisory Phoenix
Investment Insights
Based on property information with market context.
The former Red Lion in Grants, New Mexico, presents a value-add opportunity in a market supported by Interstate 40 traffic, government and contractor demand, and year-round outdoor tourism. Located directly off I-40, the property benefits from visibility and access, positioning it for redevelopment. Currently closed, the asset offers a blank-slate opportunity for investors to reposition without operational disruption. Potential pathways include rebranding and reopening as a hotel to capture transient and workforce demand, converting the property to affordable or workforce housing to address regional needs, or redeveloping it into market-rate apartments. The building features expansive common areas and flexible interior layouts that allow for reconfiguration and adaptive reuse, including the potential for additional revenue-generating components such as co-working space, community amenities, or service-oriented commercial uses. The property is 183757 square feet. Ownership is motivated and willing to work with qualified buyers to structure a transaction aligned with their business plan, including seller carry, lease-option arrangements, or other creative financing solutions.
Key Highlights
- Vacant Value‑Add: Renovate and reposition without operational disruption.
- Prime I‑40 Location: High visibility and direct interstate access.
- Flexible Repositioning: Rebrand (Choice, Wyndham, Sonesta), convert to workforce housing, or redevelop to apartments.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
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FAQs
What type of property is this?
Hotel - Value-add opportunity in Grants, New Mexico off I-40.
Where is this hotel located?
The property is located at 1501 E Santa Fe Ave Grants, NM.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Vacant Value‑Add: Renovate and reposition without operational disruption.; Prime I‑40 Location: High visibility and direct interstate access.; Flexible Repositioning: Rebrand (Choice, Wyndham, Sonesta), convert to workforce housing, or redevelop to apartments.
