• Price:

    • $995,000

  • Listing #:
    • 120728
  • Class:
    • Commercial
  • Type:
    • Comm'l Improved
  • Style:
    • Chalet
  • Year Built:
    • 1960
  • Subdivision:
    • Palmer Gateway
  • Address:
    • 627 SUDDERTH DR
  • City:
  • County:
    • Lincoln
  • Area:
    • Ruidoso
  • State:
    • NM
  • Zip:
    • 88345

Description

This is an established, well run hospitality operation. Current ownership / management has been on site for one year after purchasing from previous 20 year owners. Life changes forces sale. Revenue is steady with a regular & loyal clientele. 17 rooms, laundry and owner's apartment. All FF&E stays with purchase with the exception of some personal furniture and art items which will be identified at the time purchase agreement is proffered. Annual revenue per room is high and expense ratio is only approximately 33% so this operation performs very well. Physical plant is in very good shape and displays regular and attentive maintenance. Seller financing may be considered with appropriate terms.

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  • Lot Size:
    • • 145x206x145x223
  • Est Yearly Taxes:
    • • 5599.54
  • Type Of Business:
    • • Motel/hotel
  • Zoning:
    • • C2 Commercial Business
  • Type/# Of Units:
    • • Five Or More
  • Levels:
    • • Two
  • Parking:
    • • Paved
    • • Lot
  • Finish/construction:
    • • Cinder Block
    • • Board & Battan
    • • Frame
  • Roof/flooring:
    • • Metal Roof
  • How Built/condition:
    • • On Site
    • • Prior To 1978
    • • Remodeled
  • Exterior Features:
    • • Covered Deck
  • Utl Conn/utl Avl:
    • • Satellite Dish
    • • Natural Gas Connected
    • • Sewer Connected
    • • Community Water Connected
    • • Cable Tv Available
    • • Telephone Available
    • • Electric Connected
  • Heating/cooling:
    • • Gas Wall Heater
    • • Gas Forced Air-natural
  • Fireplace:
    • • Kiva
    • • Freestanding
  • Wtr Heatr/own/lse:
    • • Gas-natural
  • Furnished/interior Features:
    • • Ceiling Fan(s)
    • • Smoke/heat Alarm
    • • Fully Furnished
    • • Furniture Addendum