2724 Marland Blvd Hobbs, NM 88240
- Commercial real estate
- 1.04 lot acres
Current Use by Public Records
- Basin Lodging / Hotel
Property Details for 2724 Marland Blvd
- Lot size
- 1.04 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a well-maintained 21-unit motel situated on a 1.04-acre lot in Hobbs, New Mexico, at 2724 W Marland Boulevard. The property boasts a mix of 6 double rooms and 15 single rooms, each thoughtfully designed with a bedroom and private bathroom for guest comfort. Beyond the guest rooms, a significant advantage is the inclusion of a spacious on-site apartment, ideal for an owner/manager residence or as an additional rental unit, generating further income streams. Operational efficiency is enhanced by the presence of a guest laundry room and a dedicated utility room. The motel's strategic location ensures high occupancy rates and consistent revenue generation. This turnkey business is offered at $750,000 and presents a compelling opportunity for investors seeking a profitable venture in a desirable market. The property is ready for immediate operation, minimizing upfront investment and maximizing return. This is a rare chance to acquire a well-established and profitable motel in a thriving area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hobbs
- County
- Lea
- State
- New Mexico
- Longitude
- -103.171
- Latitude
- 32.6972
