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235 La Posada Ln
Las Cruces, NM 88005
Las Cruces Inn · Hospitality Property For Sale · 33,938 SF
Investment Highlights
- Strategically Situated Right Off of Interstate 10 – Exit 142; Immediate Freeway Access
- Ideal for Owner/Operator
- Near New Mexico State University
- Multifamily Conversion Opportunity – Kitchenettes Available
- Priced Below Replacement Cost
- Outdoor Pool – Open Seasonally
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1980 |
| Building Class | C | Parking Ratio | 2.6/1,000 SF |
| Lot Size | 2.18 AC | Corridor | Exterior |
| Building Size | 33,938 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.18 AC |
| Building Size | 33,938 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.6/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- Patio
- Public Access Wifi
About 235 La Posada Ln , Las Cruces, NM 88005
The Motel 9 is an independent, exterior corridor hotel that sits on 2.18 acres. This two-story, 103-unit hotel is strategically situated right off Interstate 10 in Las Cruces, New Mexico. With a 40 ft high freeway signage that is visible from the freeway, The Motel 9 is hard to miss. The hotel includes high speed internet, cable, kitchenettes, an outdoor pool, and ample parking for guests. All rooms have LVT/Tile flooring. As per the City of Las Cruces, the subject property has the potential to be converted into an 80-unit apartment complex. A proposed conversion will preserve the existing building and would allow an investor to focus on upgrading the rooms and landscaping. The Motel 9 sits less than 5 minutes from New Mexico State University and less than 20 minutes from Las Cruces International Airport. Las Cruces currently has a population of over 100,000 residents and El, Paso, Texas currently has over 680,000 residents.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $563,890 | |
| Land Assessment | $91,988 | Total Assessment | $655,878 |
PROPERTY TAXES
zoning
| Zoning Code | C2 (Community Commercial Zoning) |
| C2 (Community Commercial Zoning) |
Learn More About Investing in Hospitality Properties
