2209 Main St Artesia, NM 88210
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.
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Best Western Pecos Inn Hotel & Motel
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Lucky Duck Grill Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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