508 White Sands Blvd Alamogordo, NM 88310
- Automotive properties
- 9,739 SF
- 0.46 lot acres
Current Use by Public Records
- Economy Inn - Alamogordo / Motel / Hotel
Property Details for 508 White Sands Blvd
- Year built
- 1965
- Lot size
- 0.46 lot acres
- Property size
- 9,739 SF
- Property type
- Automotive properties
- APN
- 01N4055095065187
- APU
- 01N4055095065187
Description
This exceptional investment opportunity presents a 28-key motel situated on 0.46 acres at 508 S White Sands Blvd, Alamogordo, NM 88310. Built in 1957, the Economy Inn offers a unique blend of vintage charm and significant potential. The two-story building presents a canvas for renovation and repositioning, allowing for the creation of a boutique hotel, charming bed and breakfast, or other hospitality concept. Its location on bustling White Sands Boulevard ensures convenient access to local attractions, shopping, and dining, guaranteeing a consistent flow of potential guests. The asking price for this well-established property is $1,150,000. This property represents a compelling opportunity for investors seeking to capitalize on the thriving hospitality sector in Alamogordo, New Mexico. The property's central location and existing infrastructure provide a solid foundation for future success, offering a unique chance to shape the future of this established Alamogordo landmark. The 28 rooms provide immediate revenue potential, while the property's size and location offer significant upside for expansion or enhancement. This is a rare chance to acquire a well-positioned motel in a desirable New Mexico market.
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
- Alamogordo
- County
- Otero
- State
- New Mexico
- Longitude
- -105.961
- Latitude
- 32.8849
- CBSA code
- 10460
- CBSA name
- ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA
