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1301 E Main St

1301 E Main St Red River, NM 87558

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Overview

This is an amazing investment opportunity! Check out this 14-room working lodge in the historic town of Red River on Main Street. In addition to the 14-rooms that can be rented out nightly, the property also has a 1500 sq ft owner suite to enjoy year-round. For growth purposes, the owner's suite could possibly be turned into more units.  The property has 4 queen single rooms, 8 kitchenette rooms and 1 2-bedroom apartment across two floors that could be rented out nightly, weekly, or monthly depending on your future clients' needs.  All FF&E, land and property conveys with sale.  Large attached warehouse space is unused and also could be converted. Owner financing is available. If you've ever wanted to own and operate a lodge in a  beautiful ski town here is your opportunity!

The property is on city utilities

Keyless Entry to all rooms

On site laundry room for owner or property manager 

All nonsmoking rooms

Smart TV's in all rooms with $6000 upgraded internet infrastructure 

Four cleaners and one property manager who would like to stay on with sale if buyer desires

Mountain View Lodge is listed marketed on their website, expedia, bookings, Airbnb, VRBO, hotels.com, kindred, etc

Majority of room windows are 2023 Pella

Room furnishings upgraded in 2022

Backside gutters with heattape 2023 

Electrical upgraded 2022

Owner's suite upgraded 2023

Firepits and seating added 2022

 

 

For Sale

Hospitality
Multifamily
Investment

Secondary Uses: Hotel, Motel, Recreation Cabins, Resort, Bed & Breakfast, Extended Stay, Vacation Rental(s), Mid Rise

Sale Price
$1,500,000
Price Per SF
$214.3/SF
Building Size
7,000 SF
Acres
0.19 ac
Floors
2
Year Built
1950
Parking Spaces
15
Property Use Type
Business
Property Status
Existing
Average Occupancy Rate
47
Total Units
14
Laundry
Shared
Name Of Establishment
Mountain View Lodge
County
Taos
Created
2024-10-14
Updated
2024-10-17
Listing ID
d9b23f23

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