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1105 E Historic Highway 66
Gallup, NM 87301

Lariat Lodge · Hospitality Property For Sale · 35 Rooms

Investment Highlights

  • Located right off the off ramp from Interstate 40
  • Walking distance to shopping, restaurants, Hotels, gas stations, etc.
  • High Visibility and High traffic count

Executive Summary

Business has been closed.
Located just off the off ramp from Interstate 40, in the middle of downtown Gallup. High visibility and high traffic count location.
The Seller also owns the Arrowhead Motel at 1115 E HWY 66 (two doors to the East), and is willing to lower the price on both of the properties if someone buys both of them together.

PROPERTY FACTS

Price Per Room $10,000
Sale Type Investment
Sale Conditions
Deferred Maintenance
  • Building in Shell Condition
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.34 AC
Building Size 7,850 SF
No. Rooms 35
No. Stories 1
Year Built/Renovated 1952/2015
Parking Ratio 2.86/1,000 SF
Corridor Exterior

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 35 $50.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R010901
Land Assessment
$31,250
Improvements Assessment
$65,154
Total Assessment
$96,404

zoning

Zoning Code HEAVY COMMECRICAL (Zoning allows for most any Commercial use, no Industrial uses)
HEAVY COMMECRICAL (Zoning allows for most any Commercial use, no Industrial uses)
  • Listing ID: 29645949

  • Date on Market: 9/28/2023

  • Last Updated:

  • Address: 1105 E Historic Highway 66, Gallup, NM 87301

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