San Miguel Inn for Sale

Hospitality for Sale
Catylist Listing ID: 30352945
Property Subtypes: Inn, Motel
Number of Units: 40 Units
Building Size (RSF): 14,200 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $950,000
Unit Price: $23,750 Per Unit
Property Use Type: Investment, Business
Building Name: San Miguel Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2022

Overview / Comments

Absolute Investment Realty is proud to present this opportunity consisting of 40 units plus a manager apartment, guest pool, Wi-Fi compatibility, guest laundry and free parking.

The San Miguel Inn can be purchased for the purpose of meeting the lodging needs of Socorro or re-purposing to meet the housing needs in this busy college town.

Socorro is known for being home to the New Mexico Institute of Mining and Technology which reports an undergraduate population of approximately 1,569 students. The Energetic Materials Research and Testing Center (EMRTC) is a major research and training division of New Mexico Tech, internationally recognized and has over 60 years of experience in explosives research and testing.

Located off Highway 85 in the southern portion of Socorro, the property provides convenient access to NM Tech, NM Tech Golf Course, Socorro General Hospital (a 32 bed facility), Socorro High School (reported student population of 448), National Radio Astronomy Observatory’s Very Large Array, The Energetic Materials Research and Testing Center and the Socorro Rodeo and Sports Complex. The Socorro Rodeo and Sports Complex hosts a variety of local and national competitions throughout the year.

Additional Details

Nearest MSA: Albuquerque
County: Socorro
Retail Clientele: Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: I-25
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Average
Parking Type: Surface
Laundry: Shared

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,708 5,745 5,745
Median Age: 29.91 31.46 31.46
Households: 1,518 2,322 2,322

Contact

Photograph of Listing Agent

Consuelo (Conni) DeYoung

Absolute Investment Realty CARNM CIE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.