1620 Route 66, Tucumcari, NM 88401
This exceptional 25-room hotel, situated on a 2-acre lot at 1620 E Route 66 in Tucumcari, New Mexico, presents a unique investment opportunity. Built in 1963, this property boasts a charming retro 1950s aesthetic, recently renovated with modern amenities. All 25 rooms feature pillowtop mattresses, microwaves, refrigerators, and full bathrooms with tubs. The hotel offers ample parking for guests. A significant advantage is the inclusion of owner/manager living quarters, providing convenient on-site management. The large registration area is designed to provide guests with comprehensive information about Route 66. A garage located behind the motel offers valuable storage space. The entire building features a flat metal roof. The property includes two hot water heaters – one for the rooms and a backup unit. All furniture is included, extending to the owner's suite. While currently closed, a coffee shop is also included with all its equipment. Adding to the property's unique character are vintage airplanes situated on the grassy area. The hotel enjoys easy access, being located just two blocks from the Route 66 and Hwy 54 bypass. This turnkey operation is priced at $650,000 and represents a compelling investment in a thriving tourist destination. The property is located in Quay County, New Mexico, zip code 88401.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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