1100 N California St, Socorro, NM 87801

Commercial property for lease

• Description
• Marcus & Millichap has been selected to exclusively market for sale the Best Western Socorro Hotel & Suites, a 120 unit (40 Interior, 80 Exterior), limited service, two story hotel property built in 1995 and conveniently situated along Interstate 25. Consistently earning high rankings among customer satisfaction, the Best Western is currently ranked #4 on TripAdvisor. This property presents an opportunity for an owner operator or third party management structure due to its strong revenue performance. With room sales consistently well above $2,000,000 this property demonstrates strong demand in Socorro and Southern New Mexico along Interstate 25. With underutilized conference space on site that was previously generating in excess of $200,000, this property boasts additional room for revenue growth in both room and conference/meeting space revenue.With recently renovated guest rooms and originally built as a Holiday Inn Express, the Best Western Socorro Hotel & Suites includes high speed wireless internet, cable, an indoor pool and hot tub, on-site fitness facility, game room, safe deposit box and individually controlled climate control. Additional amenities on the property include a business center, conference and meeting space, and a delicious complimentary breakfast. Building price details: $7,300,000.
• Contact info
• Matthew Reeves

  Marcus & Millichap
• Note

• Details Info about this row that located on 1100 N California St, Socorro, NM 87801 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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