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1408 South Main St
Lordsburg, NM 88045
Econo Lodge · Hospitality Property For Sale · 31,624 SF
Investment Highlights
- Tremendous Upside to Increase Income and Reduce Expenses with On-Site Owner Operator
- Large Managers Quarters
- Located in an Opportunity Zone
- Conventional Loan Available to Qualified Buyers
- Large Lot for Truck Parking
- Priced Less Than $22k/Unit
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2004 |
| Building Class | C | Parking Ratio | 2.37/1,000 SF |
| Lot Size | 2.27 AC | Corridor | Exterior |
| Building Size | 31,624 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.27 AC |
| Building Size | 31,624 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1998/2004 |
| Parking Ratio | 2.37/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
About 1408 South Main St , Lordsburg, NM 88045
The Econo Lodge Lordsburg, New Mexico is a 40 unit, two story, exterior corridor hotel. This property is very well maintained and also features a very large 2 bedroom / 2 bathroom managers quarters on-site along with a large lot for truck parking. Currently held by an absentee owner located out of state, this property has a strong upside potential for a new owner and operator. With 40 units this property is ideal for an owner operator to improve operations to boost revenue and lower expenses. The Econo Lodge enjoys leisure, Interstate travel, Military, Border Patrol, and Union Pacific as the largest business generators as the property guests travel through California, Arizona, New Mexico, and Texas.
PROPERTY TAXES
| Parcel Number | 3107133153188 | Improvements Assessment | $252,600 |
| Land Assessment | $43,930 | Total Assessment | $296,530 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial (Commercial: Opportunity Zone) |
| Commercial (Commercial: Opportunity Zone) |
Learn More About Investing in Hospitality Properties
