2209 Main St Artesia, NM 88210
- Hospitality properties
Current Use by Public Records
- Best Western Pecos Inn / Hotel
- Lucky Duck Grill / Restaurant
Property Details for 2209 Main St
- Year built
- 1974
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 82-unit Best Western hotel presents a lucrative investment opportunity in Artesia, New Mexico. Built in 1974, the property boasts a prime location offering convenient access to a wealth of recreational activities, including Brantley Lake (boating, swimming, fishing), and nearby opportunities for softball, baseball, and golf. Each of the 82 guest rooms is generously sized and equipped with modern amenities such as a refrigerator, cable satellite television with HBO, and complimentary high-speed internet access. Guests enjoy a complimentary full hot breakfast daily. Further enhancing the guest experience are an indoor swimming pool and hot tub, a sauna, a fitness center, guest laundry facilities, and meeting rooms. The hotel's strategic location also caters to business travelers, with proximity to the Navajo Refinery, Yates and Mack Energy, and the Federal Law Enforcement Training Center. Local attractions such as the Artesia Historical Museum, Heritage Plaza, the Bottomless Lakes, and the New Mexico Military Institute are also within easy reach. The asking price for this established and well-appointed hotel is $4,300,000. This represents a significant opportunity to acquire a profitable hospitality asset in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Artesia
- County
- Eddy
- State
- New Mexico
- Longitude
- -104.425
- Latitude
- 32.842
