2500 Grand Ave Las Vegas, NM 87701-9411

Property Details for 2500 Grand Ave

Lot size

3.00 lot acres

Property type

Commercial real estate

APN

R0655097

APU

R0655097

Description

This exceptional investment opportunity presents a 97-key Comfort Inn located in Las Vegas, New Mexico, at 2500 N Grand Ave, 87701. Boasting a substantial 71,158 square feet across a two-story building constructed in 1991, this property offers a compelling 9% capitalization rate and a price per square foot of $105.40. The asking price is $7,500,000. Situated in San Miguel County, the hotel benefits from a prime location near major highways and local attractions, ensuring consistent occupancy. The hotel's amenities include complimentary Wi-Fi, a fitness center, and a complimentary Grab n Go breakfast, catering to both business and leisure travelers. The strong financial performance is driven by a steady stream of visitors drawn to the city's rich history, cultural sites, and nearby recreational areas, further enhanced by ongoing regional development projects, universities, and regional hospitals. The hotel's well-maintained rooms and strategic location contribute to a stable and consistent revenue stream, making it an attractive investment prospect with a proven track record of profitability. The property includes an indoor pool, adding to its appeal for guests. Easy access to the historic Old Town Plaza and the Gallinas River provides additional draw for tourists. This is a rare opportunity to acquire a well-established, profitable hotel in a growing market.