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1520 Candelaria Rd Albuquerque, NM 87107

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For Sale
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46-unit hotel, renovated, owner financing.

Property size:
16,956 SF

Property Features for 1520 Candelaria Rd

General Information

Property type
Hotels
Square Feet
16,956 SF
Lot Size
22,216 SF

Building Details

Year Built
1984
Stories
3

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Listing Contact
Jigar Jay Desai
Jigar Jay Desai

Listing Agency: NewGen Advisory Phoenix Listing Agent: Jigar Jay Desai

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

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Property Insight Report

Overview

This 46-unit Days Inn in Albuquerque, New Mexico, presents a compelling investment opportunity. Located at 1520 Candelaria Rd NE, Albuquerque, NM 87107, this three-story, 16,956 square foot hotel sits on a 0.51-acre lot and benefits from convenient access to I-40 and I-25 via Candelaria Avenue. Built in 1984, the property has recently undergone a complete interior renovation, boasting a brand new interior corridor. The asking price is $2,500,000, translating to $147.44 per square foot. This represents a significant value proposition, priced well below replacement cost. The property is offered fee simple, and the seller is open to exploring owner financing or lease-to-purchase options for qualified buyers. The hotel is delivered to the buyer with no PIP (property improvement plan) requirements. This is an excellent opportunity for an owner-operator to increase revenue and control operating expenses in a well-located, recently renovated hotel.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Ambassador Inn Albuquerque Hotel & Motel Days Inn Hotel & Motel Days Inn by ... Hotel & Motel

Suggested Use

Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Albuquerque
County
Bernalillo
State
New Mexico
Longitude
-106.6270295
Latitude
35.1145506

FAQs

What type of property is this?
Hotel - 46-unit hotel, renovated, owner financing.
Where is this hotel located?
The property is located at 1520 Candelaria Rd Albuquerque, 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: Newly renovated interior corridor Days Inn.; Substantially below replacement cost.; Owner financing and lease-purchase options available.
(520) 664-4091 Call to check price and availability
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