801 W BROADWAY Avenue, Bloomfield, NM 87413
sale
$1,200,000
|
Other
Courtesy Of Coldwell Banker Cornerstone Realty
INVESTMENT OPPORTUNITY on US Highway 64 in Bloomfield, NM! The Bloomfield Motel is an established 19-room independent motel offering existing operations, onsite management accommodations and significant value-add potential. Situated on a 0.564-acre corner lot with approximately 124 feet of frontage, the property offers excellent visibility along W. Broadway/US 64. The motel features a variety of studio guest-room configurations accommodating both nightly and extended stays, plus one apartment-style unit. Guest rooms are offered furnished, allowing the next owner to continue operations following acquisition. A separate 2-bedroom, 1-bath manager's residence is connected to the office, providing convenient onsite housing for an owner or manager without sacrificing motel room inventory. Operational features include a public guest laundry, separate employee laundry for motel linens and housekeeping, office, storage and onsite parking. Current ownership has made improvements to the property, providing the next owner an opportunity to build upon an established operation. Currently operating below full capacity and with limited online booking exposure, the motel offers considerable upside potential through increased occupancy, expanded marketing, online booking platforms and continued operational improvements. An attractive opportunity for a hospitality investor, entrepreneur or hands-on owner/operator seeking an income-producing property with multiple avenues for future growth. Some pictures have been enhanced by AI.
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Property Features
- Cooling System: Window Unit(s)
- Floors: 2
- Heating System: Natural Gas
- Legal Description: BK. 1714 PG. 164
- MLSID: 26-1059
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