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    OFF-MARKET
    Motels

    406 Route 66 Blvd, Tucumcari, NM 88401

    Property ID
    US61-0957762
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents the Americana Motel, a well-maintained 18-room hotel situated at 406 E Route 66 Blvd in Tucumcari, New Mexico, zip code 88401. Built in 1935, this single-story property boasts a substantial 13,000 square feet of building space on a 0.63-acre lot. The motel's prime location along the iconic Route 66 offers significant historical appeal and strong potential for tourism-related revenue. The property is conveniently located near major freeways, providing easy access for travelers. Local attractions such as Tucumcari Lake further enhance its appeal. The Americana Motel is within reasonable driving distance of larger cities including Santa Fe, Amarillo, and Albuquerque, expanding its market reach. The asking price for this established hospitality business is $475,000. This represents a unique chance to acquire a piece of Route 66 history with established operations and significant upside potential. The property is not for auction and is not offered as a sublease. All rooms are clean and ready for guests.

    Property profile
    Verified
    Property type Motels
    UPID US61-0957762
    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
    Current use
    Occupant on record · Public records
    • americana motel Hotel & Motel Bed & Breakfast
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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