Sands Motel 112 McArthur St, Grants, New Mexico 87020 6565 Americas Pkwy NE Suite 200, Albuquerque, NM 87110 verify the subject offering as suitable for the intended use. Neither exp Realty LLC, it s agents or brokers, assume responsibility for typographical errors, misprints or
Property Summary Sands Motel Grants Price: $499,000 Rooms: 26* Price per Door: $19,960 Square Feet: 9,000 SF Price per SF: $55.40 Built: 1950 Cap Rate: 13.4% *24 rooms rentable, 2 as storage. Amenities: Elvis Presley stayed here! Free Wifi Non-Smoking Rooms Pet Friendly Rooms Available Free Private and Semi-Truck Parking 24-hour Front Desk Free Continental Breakfast Heating and Air Conditioning Fax and Photocopying Firewall Protection
Financial Summary 2017 Mini Pod: Income: $160,074 Expenses: $93,068 NOI: $67,006 Cap Rate: 13.4% Summary 2016 2017 2018 Q3 Gross Income $111,866 $160,074 $119,635 Expenses $79,063 $93,068 $68,709 NOI $32,803 $67,006 $50,926 Occupancy 37% 52% 52% 6565 Americas Pkwy NE Ste 200, Albuquerque, NM 87110
Site Summary exp Realty LLC is proud to offer the Sands Motel located conveniently off the historic Route 66. With entrance off and onto the Interstate 40, this vintage motel is visible to travelers heading both north and south. The town of Grants, most known for its historic pueblos, art and culture, offers a wide variety of outdoor recreations, restaurants, motels, and much more! The region is surrounded by beautiful scenic vistas of mountains and mesas, historical attractions, and must see state parks. This is a high traffic area for outdoor recreational travelers and a great place to do business! Area tenants includes Blakes Lotaburger, Allsups, John Brooks, Wells Fargo and Verizon.
Trade Area SITE Trade Area Highlights: -Modern 50,000 sq. ft. Cibola General Hospital. -Multiple outdoor recreational areas. -Grants Mining Museum. -Chaco Culture National Historic Park. -Acoma and Laguna full service casinos. -18-hole golf course for public use off Interstate 40. -Grant s Community College. -Acoma Sky City Cultural Center. -Village of Milan offers a natatorium. -Route 66 Rural Historic District. -National Scenic trails of El Malpai and El Morro.
Demographics & Weather 5 Miles 3 Miles 1 Mile The Grants area's population totals 27,056 residents. Elevation: 6,460 feet. Land area: 4,539 square miles. Population density: 5.9 people per square mile. Expected Job Growth 2018-2028: 35.61% Proximity 1 Mile 3 Miles 5 Miles Total Population 4,411 9,094 11,358 Households 1,727 3,293 4,146 Average Household Income $45,329 $43,543 $43,434
Elvis Stayed Here!
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Grants, NM Overview Location Summary Grants New Mexico is located in north-central Cibola County. Santa Fe Avenue (former Route 66) is the main road through the city, while Interstate 40 passes through the south side of the city, with access from exits 81 and 85. The town of Milan borders the northwest end of Grants. The town enjoys recent job growth of 2.26% with expected job growth of 35.61% over the next 10 years. It serves as a hub to many outdoor enthusiasts who enjoy hunting, fishing and mountain activities in the Mount Taylor area. Grants began as a railroad camp in the 1880s, when three Canadian brothers Angus A. Grant, John R. Grant, and Lewis A. Grant were awarded a contract to build a section of the Atlantic and Pacific Railroad through the region. The Grant brothers' camp was first called Grants Camp, then Grants Station, and finally Grants. The new city enveloped the existing colonial New Mexican settlement of Los Alamitos and grew along the tracks of the Atlantic and Pacific Railroad. The town prospered as a result of railroad logging in the nearby Zuni Mountains, and it served as a section point for the Atlantic and Pacific, which became part of the Atchison, Topeka and Santa Fe Railway. After the decline of logging in the 1930s, Grants gained fame as the "carrot capital" of the United States. Agriculture was aided by the creation of Bluewater Reservoir, and the region's volcanic soils provided ideal conditions for farming. Grants also benefited from its location, both being an airway beacon and later by U.S. Route 66, which brought travelers and tourists and the businesses that catered to them. Today the beacon and FSS building on the airport (KGNT) is being restored as museum.