Econo Lodge Tucumcari Route 66

3400 East Tucumcari Boulevard, Tucumcari, NM

$1,600,000

Price

16,656 sqft

Building Size

3.28 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
16,656 sqft
Lot Area
3.28 acres
Keys
41
Occupancy
45%
Year Built
1989
Floors
2
Description

NewGen Advisory is pleased to announce the listing of the Econo Lodge in Tucumcari, New Mexico. This 41-room economy hotel is located on Historic Route 66 and is a prime opportunity for an owner operator. The property is currently held absentee and presents immediate upside for a local owner through increased operational efficiency. The Econo Lodge is currently underperforming against its comp set but has the potential to increase revenue through a hands-on management approach.

Tucumcari is a busy market for road-trip travel. Major draws include its fame as a stop for Route 66 travelers, as well as transient business from Texas travelers on their way to skiing and leisure destinations in northern New Mexico and Colorado.

From Route 66 memorabilia to dinosaurs to larger-than-life size murals, Tucumcari offers something for everyone! Don't miss the Mesalands Community College Dinosaur Museum, a first-class museum housing the world's largest collection of spectacular full-scale bronze dinosaur skeletons cast at our local foundry. To know the history of Tucumcari and Route 66, stop by the Tucumcari Historical Museum with its story-telling like exhibits. NM Route 66 Museum located in the Convention Center with nostalgic memorabilia from the Mother Road, Route 66. Get your picture taken in front of the Route 66 Roadside Attraction at the Convention Center or the world's largest mural devoted to Route 66 in the United States.

Tour the town during the day to see the other wonderful murals located all over the city and at night to see those famous Route 66 Neon signs. Take a trip to nearby Ute Lake or Conchas Lake State Parks and go picnicking, hiking, boating, water skiing, scuba diving, swimming, sailing, wind surfing and fishing for bass, walleye, catfish, perch and crappie.

Travel along the numerous Scenic Byways to see the unique landscape and a variety of wildlife, including herds of antelope and deer, flocks of wild turkey, geese, and other rare birds. Browse through the rest of this section to find out more detail on all of these attractions. The property is located near Interstate 40, midway between Albuquerque, New Mexico and Lubbock, Texas.

Highlights
  • Owner Financing Available for Qualified Buyers
  • Recently Renovated and will have Minimal PIP for Buyer
  • Large Manager's Apartment On-Site
  • Absentee Managed
  • Interior Corridor and Located in an Opportunity Zone
Location
Gallery