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722 E Rte 66 BlvdTucumcari, NM 88401
Motel Safari
Asset ClassHotel & Hospitality
Deal Size$1 M
# Keys: 14Year Built: 1959Year Renovated: 2017Access Data Room
Located near Route 66
overview of deal

Overview

Jigar "Jay" Desai of NewGen Advisory is proud to present for sale the Motel Safari - Tucumcari, NM, a classic 1959 motor inn located on historic Route 66. This iconic property is celebrated for its vintage camel sign and proximity to key attractions. The Motel Safari - Tucumcari, NM is just a five-block walk from Mesalands Community College's Dinosaur Museum and 1.6 miles from the New Mexico Route 66 Museum at the Tucumcari Convention Center.

 

The Motel Safari - Tucumcari, NM combines mid-century charm with modern amenities, featuring original custom-made furniture and unique Route 66-themed art in each room. A music-themed suite offers wood floors and music memorabilia enhancing its appeal. The exterior boasts murals and vintage billboard ads, preserving its historical allure with meticulously maintained period details and counter-stacked bricks. Tucumcari offers a vibrant mix of historical significance and developing tourist attractions, making it an attractive destination for travelers and an appealing prospect for investors.

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Investment Highlights

  • 14 units, single-story, independent motel
  • Owner finance available with attractive terms
  • Performing at 12% cap rate
  • Steady room revenue with the last 4 years averaging $265k
  • Property offered at 3X room revenue
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722 E Rte 66 BlvdTucumcari, NM 88401

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