1520 Candelaria Rd Albuquerque, NM 87107
- Hotels
- 13,875 SF
- 0.51 lot acres
Current Use by Public Records
- Ambassador Inn Albuquerque / Hotel / Inn
- Days Inn / Hotel
- Days Inn by Wyndham Albuquerque I-25 / Hotel / Inn
Property Details for 1520 Candelaria Rd
- Year built
- 1984
- Lot size
- 0.51 lot acres
- Property size
- 13,875 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 1-015-059-370-450-1-03-27
- APU
- 101505937045010327
Description
This 46-unit Days Inn in Albuquerque, New Mexico, presents a compelling investment opportunity. Located at 1520 Candelaria Rd NE, Albuquerque, NM 87107, this three-story, 16,956 square foot hotel sits on a 0.51-acre lot and benefits from convenient access to I-40 and I-25 via Candelaria Avenue. Built in 1984, the property has recently undergone a complete interior renovation, boasting a brand new interior corridor. The asking price is $2,500,000, translating to $147.44 per square foot. This represents a significant value proposition, priced well below replacement cost. The property is offered fee simple, and the seller is open to exploring owner financing or lease-to-purchase options for qualified buyers. The hotel is delivered to the buyer with no PIP (property improvement plan) requirements. This is an excellent opportunity for an owner-operator to increase revenue and control operating expenses in a well-located, recently renovated hotel.
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
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.627
- Latitude
- 35.1143
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
