Overview

Description

Jigar "Jay" Desai and Suraj Rama of NewGen Advisory are proud to announce the sale of the Econo Lodge in Lordsburg, New Mexico. ​The 40-unit property is situated on more than 2 acres of land which is conveniently located off of Interstate-10 and the Continental Divide. Additional features of this property are two large manager's living quarters and an oversized lot for truck parking.

The Econo Lodge is enjoys various types of guests who travel across California, Arizona, New Mexico, and Texas. These include individuals on leisure trips, interstate travelers, military personnel, border patrol agents, and Union Pacific employees. Lordsburg serves as a stopover for hikers along the popular Continental Divide trail that spans several states making it an ideal rest stop for travelers on Interstate 10.

Lordsburg is the county seat of Hidalgo County, New Mexico. The city was founded in 1880, 32 years before New Mexico was granted statehood. Lordsburg is most well known as the birthplace of New Mexico's state song "O Fair New Mexico", which was written by Pat Garrett's daughter. Near by attractions include scenic bird watching and Shakespeare - a famous ghost town that offers a look back to the Old West. Lordsburg is also a stop along the popular Continental Divide hiking trail which stretches through Montana, Idaho, Wyoming, Colorado, and New Mexico. Lordsburg is near equidistant location between Tucson, AZ and El Paso, TX makes it an excellent stopping point for travelers along Interstate 10.

Highlights

• Tremendous Upside to Increase Income and Reduce Expenses with On-Site Owner Operator
• Large Managers Quarters
• Large Lot for Truck Parking
• On-site Seasonal Outdoor Swimming Pool
• Opportunity Zone
• Priced at Less Than $40k/unit

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