For Sale Commercial Real Estate Listings in Lordsburg, New Mexico
FOR SALE * $499,000 * Motel * Lordsburg , New Mexico * Full Listing
Price Reduced: 2 Motels and Restaurant in Lordsburg, New Mexico. The properties can also be purchased separately. The Desert West and Starving Marvin Restaurant is located at exit 5 on Interstate 10. The Desert West Motel has 60 units which was renovated in 2008. During the renovations, the owner have put approximately $40,000 in property improvements. The property sits on 4 acres +/-, it is a one story building with a pool. Approximately 25 rooms still need to be remodeled. This motel and restaurant can be purchased for $485,000. That under $8,000 per unit. Property was closed when purchased. Before the property was closed in 2001, it was appraised for $760,000 (without the restaurant). The restaurant opened in late March 2009 and has seen an increase in customer and revenue.
The Economy Inn sits 17 miles North from the Desert West Motel also on I-10. The Economy is 30 Unit Motel on 1 acre +/-. It is a one story building with exterior corridors. Each room has...
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