$8,220,000
$8,220,000
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SOLD DATE : 11/07/2022
Key Details
Sold Price $8,220,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20222416
Sold Date 11/07/22
Year Built 2020
Annual Tax Amount $42,354
Tax Year 2021
Lot Dimensions 24.59
Property Sub-Type Hotel/Motel
Property Description
Prime location off US Hwy 285/8th St in Loving. This newly built Hotel/Lodging property has 24.59 acres total with apx 12 acres left for further development. The office building has a beautiful waiting area with a fireplace, employee offices, conference room, laundry room, exercise room, and game room. 64 lodging rental units. 5 buildings have 12 units each, building #6 has 4 - 3 bedroom/2bath apartments, and there is also 30 RV spaces, and a pergola/BBQ area. Look no further for a great investment in the heart of the New Mexico Permian Basin area. Call for more information.
Location
State NM
County Eddy County
Area New Mexico Mls
Exterior
Utilities Available Electricity, Propane, Sewer, Water-City, Cable
Roof Type Shingles
Building
Structure Type Frame,Stucco
Others
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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