1440 W Maloney Ave, Gallup, NM 87301
Commercial property for lease
- Description
- Marcus & Millichap is pleased to exclusively offer for sale the Comfort Inn in Gallup, New Mexico, for the price of $4.75M at $77,869 per room. The Comfort Inn is located directly off Interstate 40 and US 491. With a healthy adjusted NOI of $494,668, the property is an ideal high-yield opportunity for a new investor.The Comfort Inn is being offered with little-to-no PIP requirement estimated for new owner. Currently, the property is being run by an absentee ownership group, giving the new investor large upside through implementing a more hands-on management approach.The Comfort Inn in Gallup New Mexico offers several guest and common area amenities. Each room is equipped with at microwave, refrigerator, premium bedding, work desk, and a flat screen television. The common areas feature a restaurant, business center, fitness center, indoor heated pool, bus/car parking, and a 625-square foot meeting room. Building price details: $4,750,000.
- Contact info
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Matthew ReevesMarcus & Millichap
- Note
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- Property Details
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Property Type: Commercial (Other) Status: Available Lot Size: 1.400 Acres Submarket: Hotel MSA: Gallup Buildings: 1 Terms: Cash to Seller Added: 03/01/2018