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Economy Inn Gallup 1709 W Historic Highway 66

50 Room Hotel Gallup, NM 87301 $699,000 ($13,980/Room)

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Investment Highlights

Fronts Historic Route HWY 66 and is one mile from downtown Gallup NM
Has extra land and an extra free standing building as a part of the property

Rooms were Recently updated

Executive Summary

Operating business, with additional land

Property Facts Under Contract

Price	$699,000	Building Size	22,000 SF
Price Per Room	$13,980	No. Rooms	50
Sale Type	Investment	No. Stories	2
Sale Conditions	Business Value Included	Year Built	1963
Property Type	Hospitality	Parking Ratio	2.36/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	1.87 AC

Price	$699,000
Price Per Room	$13,980
Sale Type	Investment
Sale Conditions	Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.87 AC
Building Size	22,000 SF
No. Rooms	50
No. Stories	2
Year Built	1963
Parking Ratio	2.36/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

High Speed Internet Access

Public Access Wifi

About 1709 W Historic Highway 66 , Gallup, NM 87301

Motel, built in 1963, updated in 2020-2021. Property has 50 rooms, 24 with one queen bed, 22 with two queen beds and 3 suites. Property also has an extra free standing building that, in the past, has been leased out to other businesses.