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The Desert Motel
483 West 8th Street (Hwy 54) Vaughn, NM 88353
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Overview
PRIME INVESTMENT PROPERTY!! LOCATION, LOCATION, LOCATION!
Located in a historical district the Desert Motel in Vaughn is your next investment property. With exceptional renovation possibilities you can create the motel or boutique motel of your dreams. Desert Motel has single, double and studio sized suites. Plenty of space to work in while you renovate and build your next hospitality business. On approximately 1.2 acres of land and 24 rentable units are currently generating monthly income. With lots of space on the property for additional rooms or desirable amenities, the potential for income is endless.
Rare to New Mexico this property contains a gem of a large, untouched basement, outdoor space for entertaining guests and built in retail space for additional income. The office space has great curb appeal and a quant 24-hour customer service window. A convenient location to sell coffee and breakfast burritos quickly to your guests. The motel has exceptional potential for multiple streams of income. Lots of new construction in Vaughn and with several new projects for sustainable energy initiatives. The town benefits from the construction workers in the area and tourism from the interstate. Vaughn is a prime location for short term and long term rental opportunities. Come create the business of your dreams!!! This is an exceptional business opportunity for anyone looking to start a live in hospitality business. Create a desired boutique hotel or transform the space into long term rentals. IT IS A MUST SEE!!!
For Sale
Hospitality
Secondary Uses: Motel
- Sale Price
- $325,000
- Price Per SF
- $32.5/SF
- Investment
- Yes
- Building Size
- 9,988 SF
- Acres
- 1.2 ac
- Signage
- Monument
- Showing Instructions
- Contact Broker
- Number Of Buildings
- 1
- Floors
- 1
- Construction Type
- Framed
- Sprinklers
- Other
- Nearest MSA
- Albuquerque
- Property Status
- Existing
- County
- Guadalupe
- Created
- 2023-05-02
- Updated
- 2023-10-06
- Listing ID
- b00e4262