2127 North Road

  • Price: $2,400,000
  • MLS: 202003589
  • Status: Active
  • Type: Hospitality
  • Acres: 0.38
  • Area: 53-N Community
  • Total Sqft: 10,000

Presenting Broker

Tommy Gardner

Tommy Gardner

(505) 919-8819

Email Me

Santa Fe Comm. Real Estate, LLC
64 Amberwood Loop
Santa Fe, NM 87501
Direct: 505-919-8819

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Description

This property has been well maintained, but would benefit from some updating. The actual business components, including branding of the North Road Inn, is included in the sales price. The current success of the Inn has relied heavily on word of mouth. Consequently, the upside to increase value and occupancy through social media and marketing is there. The business model is for extended stay, primarily business travel. Five of the 14 suites have kitchens, and eight of the rooms have a refrigerator and microwave. It was built to be able to add a third story - if desired. The clientele consists mostly of visiting professors/researchers/scientists coming to Los Alamos National Lab. In addition, due to the close proximity to the privately owned ski area - the Inn has seen Olympic athletes staying for their training at high altitudes. All furnishings, linens and appliances, televisions, equipment, appliances, and office equipment stays with the property. It has been in operation for 26 years and runs at about 80-90% occupancy. Manager's Living Quarters (690 sq ft) Property could be used for student housing for nearby UNM - Los Alamos branch; senior housing or co-op housing. Many options for this property.

Additional Features

  • Type: Hospitality
  • Days On Market: 150
  • Age: 21-30 Years
  • Floor: Wood
  • Construction: Frame
  • Sewage: City
  • Gas: Natural
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Listing Brokerage

T. Lance Eaton

EXIT Realty Advantage NM

IDX listing
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Sotheby's International Realty ® are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.