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Hotel-Motel

Potential Hotel Farmington New Mexico

700 Scott Ave, Farmington, NM 87401

Listing Price: $6,750,000

Cap Rate
18.61%
Number of Rooms
192
RevPAR
$63
Price/Room
$35,156
RRM
1.53
Year Built
1976

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Potential Hotel Farmington New Mexico. The Hotel is offered at $6,750,000 or $35,156 per key. The building is currently closed and not in operation.

The Potential Hotel Farmington New Mexico is highly visible from U.S. 64 and is strategically positioned in proximity to prime outdoor recreation destinations. This 192-room, three-story interior corridor Property features common area amenities including a fitness center, indoor pool, and guest laundry.

The Potential Hotel Farmington New Mexico sits near the alluring San Juan River, the historic Aztec Ruins National Monument, the iconic Four Corners Monument, and the captivating landscapes of Canyon de Chelly and Chaco Culture National Park. The Property boasts a location that appeals to those seeking adventure and cultural exploration. Local attractions such as the prestigious San Juan Country Club and the Farmington Museum at Gateway Park enhance the overall appeal to the tourism and leisure market. The strategic location of the Four Corners Regional Airport, just 3.1 miles from the Property, makes it a crucial transportation hub for the region. Serving a population of over 125,000 people, the airport provides convenient access to air travel for residents and businesses in Farmington and the surrounding areas.

Farmington, New Mexico, is renowned for its significant role in the oil and gas industry due to its location in the San Juan Basin. The city offers abundant opportunities for outdoor recreation, including hiking, fishing, and camping, with attractions like Navajo Lake State Park drawing visitors. Farmington celebrates its cultural heritage, particularly its connection to Native American communities, evident in events, museums, and art galleries. Located just 21 minutes (9.1 miles) from the Hotel is New Mexico State University – Agricultural Science Center at Farmington. The New Mexico State University Agricultural Science Center at Farmington serves as a hub for agricultural research, education, and outreach in the region.

Investment Highlights

  • 192-Rooms with Potential Hotel Conversion Opportunity
  • Zoning Approved for Residential Use
  • Situated 60 Miles Southeast of the Four Corners Monument and the Intersection of Colorado, Utah, Arizona and New Mexico
  • Positioned 3.1 Miles from Four Corners Regional Airport Which Serves Population of Over 125,000
  • Offered Fee Simple, Unencumbered by Management Contracts, Franchise, or Existing Debt

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Hotel-Motel

Potential Hotel Farmington New Mexico

Listing Price: $6,750,000

Cap Rate
18.61%
Number of Rooms
192
RevPAR
$63
Price/Room
$35,156
RRM
1.53
Year Built
1976

Investment Highlights

  • 192-Rooms with Potential Hotel Conversion Opportunity
  • Zoning Approved for Residential Use
  • Situated 60 Miles Southeast of the Four Corners Monument and the Intersection of Colorado, Utah, Arizona and New Mexico
  • Positioned 3.1 Miles from Four Corners Regional Airport Which Serves Population of Over 125,000
  • Offered Fee Simple, Unencumbered by Management Contracts, Franchise, or Existing Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Potential Hotel Farmington New Mexico. The Hotel is offered at $6,750,000 or $35,156 per key. The building is currently closed and not in operation. The Potential Hotel Farmington New Mexico is highly visible from U.S. 64 and is strategically positioned in proximity to prime outdoor recreation destinations. This 192-room, three-story interior corridor Property features common area amenities including a fitness center, indoor pool, and guest laundry. The Potential Hotel Farmington New Mexico sits near the alluring San Juan River, the historic Aztec Ruins National Monument, the iconic Four Corners Monument, and the captivating landscapes of Canyon de Chelly and Chaco Culture National Park. The Property boasts a location that appeals to those seeking adventure and cultural exploration. Local attractions such as the prestigious San Juan Country Club and the Farmington Museum at Gateway Park enhance the overall appeal to the tourism and leisure market. The strategic location of the Four Corners Regional Airport, just 3.1 miles from the Property, makes it a crucial transportation hub for the region. Serving a population of over 125,000 people, the airport provides convenient access to air travel for residents and businesses in Farmington and the surrounding areas. Farmington, New Mexico, is renowned for its significant role in the oil and gas industry due to its location in the San Juan Basin. The city offers abundant opportunities for outdoor recreation, including hiking, fishing, and camping, with attractions like Navajo Lake State Park drawing visitors. Farmington celebrates its cultural heritage, particularly its connection to Native American communities, evident in events, museums, and art galleries. Located just 21 minutes (9.1 miles) from the Hotel is New Mexico State University – Agricultural Science Center at Farmington. The New Mexico State University Agricultural Science Center at Farmington serves as a hub for agricultural research, education, and outreach in the region.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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