North Rd Inn

Hospitality for Sale
Catylist Listing ID: 30582532
Property Subtypes: Bed & Breakfast, Extended Stay, Hotel, Inn, Ski & Sun, Vacation Rental(s), Other
Number of Units: 14 Units
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $2,400,000
Unit Price: $171,428.57 Per Unit
Property Use Type: Investment, Business
Building Name: 2127 North Rd
Sale Terms: Cash to Seller
Last Updated: 1/19/2021

Overview / Comments

This property has been well maintained, but would benefit from some updating. The actual business components, including branding of the North Road Inn, is included in the sales price. The current success of the Inn has relied heavily on word of mouth. Consequently, the upside to increase value and occupancy through social media and marketing is there. The business model is for extended stay, primarily business travel. Five of the 14 suites have kitchens, and nine of the rooms have a refrigerator and microwave. It was built to be able to add a third story - if desired. The clientele consists mostly of visiting professors/researchers/scientists coming to Los Alamos National Lab. In addition, due to the close proximity to the privately owned ski area - the Inn has seen Olympic athletes staying for their training at high altitudes. All furnishings, linens and appliances, televisions, equipment, appliances, and office equipment stays with the property. It has been in operation for 26 years and runs at about 80-90% occupancy.

Property could be used for student housing for nearby UNM - Los Alamos branch; senior housing or co-op housing. Many options for this property.

Additional Details

Nearest MSA: Los Alamos
County: Los Alamos
Tax ID/APN: 1032113371332
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Good
Number of Stories: 2
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,175 10,319 12,213
Median Age: 39.43 42.33 42.97
Households: 1,382 4,353 5,372

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