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    OFF-MARKET
    Commercial real estate

    722 Route 66 Blvd, Tucumcari, NM 88401

    8,971 SF 0.19 ac lot Built 1959
    Property ID
    US61-1155977
    Property summary
    AI-generated overview

    This exceptional 8,971 square foot motel presents a rare investment opportunity on the iconic Route 66 in Tucumcari, New Mexico. Situated on a 0.19-acre lot, this meticulously maintained property boasts a prime location with high visibility from I-40 and numerous US and state highways, ensuring consistent year-round business. Originally opened in 1959, the motel has undergone a loving restoration, blending modern amenities with its mid-century charm. Recent improvements include a new roof and fresh paint inside and out. The property includes 12 standard guest rooms, complemented by two uniquely themed suites, a guest services room, a relaxing patio with a fire pit, and an additional fenced outdoor area. A fully equipped laundry room with commercial washer and dryer is also included. The sale includes a complete inventory of customized amenities, high-quality linens and towels, and branded merchandise. Most furniture, antiques, and memorabilia will remain, adding to the property's unique character and appeal. The motel enjoys a stellar reputation and consistently positive online reviews. The current owner is available to assist with training and a smooth transition for the new owner. Significant future potential exists, capitalizing on the upcoming 100th anniversary of Route 66 in 2026, and allowing for the potential addition of 4-6 more guest rooms. The iconic motel sign is also ripe for continued restoration. Priced at $790,000, this is a truly unique and profitable venture.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1959
    Total area 8,971 SF
    Lot 0.19 ac (8,276 SF)
    UPID US61-1155977
    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
    • Motel Safari Hotel & Motel
    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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