95 Unit Motel For Sale

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30327673
Property Subtypes: Motel
Status: Pending
Number of Units: 95 Units
Building Size (RSF): 31,612 SF
Gross Building Area: See Agent
Gross Land Area: 2.48 Acres
Sale Price: $425,000
Unit Price: $4,473.68 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2018

Overview / Comments

Absolute Investment Realty is proud to present this opportunity consisting of a 95 unit (plus manager’s office and laundry facility), exterior corridor, two story mid-scale motel conveniently accessible off Interstate 25 in Socorro, NM.

The property 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.

Other local destinations include:
- NM Tech Golf Course
- The Frank T. Etscorn Campus Observatory
- VLA Very Large Array
- Socorro General Hospital (32 bed facility)
- Socorro Rodeo and Sports Complex hosts a variety of local and national competitions throughout the year.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Socorro

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,121 3,708 8,104
Median Age: 35.35 29.91 33.69
Households: 552 1,518 3,273


Photograph of Listing Agent

Consuelo (Conni) Horne

Absolute Investment Realty CARNM CIE Member
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