1520 Candelaria Rd Albuquerque, NM 87107
Call to check price and availability
46-unit hotel, renovated, owner financing.
Property size:
16,956 SFProperty 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
Listing Agency: NewGen Advisory Phoenix Listing Agent: Jigar Jay Desai
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.6270295
- Latitude
- 35.1145506
Nearby Similar for Sale
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.
