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    OFF-MARKET
    Hospitality properties

    1620 Route 66, Tucumcari, NM 88401

    2 ac lot Built 1963
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1963
    Lot 2 ac (87,120 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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