Gateway Plaza Travel Center
Hospitality
for Sale
Also listed as Retail-Commercial, Special Purpose
| Catylist Listing ID: |
30388416 |
| Property Subtypes: |
Motel
|
| Number of Units: |
18 Units |
| Building Size (RSF): |
See Agent |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
6 Acres
|
| Sale Price: |
$1,125,000 |
| Unit Price: |
$62,500 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
11.75% |
| Last Updated: |
9/18/2020 |
Overview / Comments
Gateway Plaza sits on Highway 180 between Deming and Silver City. It is on the Corner of Carrasco Ave which is the entrance to the town of Hurley.
Property consists of a gas station operating as a Conoco, a restaurant with a mini mart, a motel consisting of 18 rooms, a 16 unit self storage, 2 mobile homes-a 4bdr/3bath and a 3bdr/2bath on approx 6 acres.
2017-2018 Restaurant was updated. Newer roof on motel along with other updates.
|
Additional Details
| Nearest MSA: |
Silver City |
| County: |
Grant |
| Retail Clientele: |
General, Family, Traveler |
| Property Visibility: |
Excellent |
| Highway Access: |
Sits on Highway 180. |
| Total Number of Buildings: |
6 |
| Property Condition: |
Good |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
708 |
708 |
2,788 |
| Median Age: |
44.5 |
44.5 |
41.93 |
| Households: |
301 |
301 |
1,138 |
|
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Neither Commercial Association of REALTORS® - New Mexico nor
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