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Independent Motel for Sale
Tucumcari, New Mexico
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Property Description
| The Historic Pow Wow Inn is located on Historic Route 66, halfway between Albuquerque, NM and Amarillo, TX in beautiful Tucumcari, New Mexico, just minutes north of I-40 within close proximity to downtown. |
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The single-story, exterior corridor motel offers 57 large and nicely furnished guest rooms featuring cable TV w/ HBO, am/fm clock radio, free local calls, workstation desk and more. |
The Inn offers a restaurant and lounge on-site (not included), outdoor swimming pool, guest laundry facilities, as well as high-speed Internet access.
The manager’s quarters consists of two-bedrooms, kitchen, living area, and two bathrooms. |
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Features:
- Two bedroom manager’s house
- Airport/Downtown Shuttle
- Heated outdoor pool
- Courtyard Suites Available
- Restaurant & Lounge On-site (not included in sale)
- 3+/- acre lot
- High speed Internet Access
- Bus & Truck parking
- Perfect for a first time buyer
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Projected ADR: $40 Gross
Potential Income: $861,400
Projected Occupancy: 50%
Effective Gross Income - Estimate: $430,700
Expenses Estimated at 50%: $215,350 Net
Operating Income - Estimate: $107,675 |
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Financial Summary
| Price |
$499,000 |
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| Number of Units |
57 |
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