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Commercial For sale Lodging and Hospitality Motel

Commercial Property for Sale in Albuquerque New Mexico 87108

5715 Central Ave NE, Albuquerque, New Mexico 87108

$1,288,000
$142 / sq ft Listed May 28, 2025
9,087 sqft
Building
1946
Built
2
Stories
27
Parking
29
Units

About this property

Commercial Property for Sale in Albuquerque New Mexico 87108 is a lodging and hospitality for sale in Albuquerque, New Mexico, listed at $1,288,000. Key details: year built 1946, building size 9,087 sqft, stories 2, parking spaces 27. Listed by Coralee Quintana of Exp Realty on LoopingCloud and last updated May 28, 2025.

Presenting a prime investment opportunity: a historic 30-door motel (comprising 29 guest rooms and a manager's apartment) that holds a special place on the historic registry since 1998 as one of Route 66's oldest continuously operating motels. This property has recently received more than $200,000 in comprehensive renovations and is currently awaiting its Certificate of Occupancy, indicating it's nearly ready for its next chapter. Its versatile nature allows for reopening as a fully operational motel or a transformative renovation for a different purpose. The location is a significant asset, situated just one mile west of major attractions such as The Downs Racetrack & Casino, Expo New Mexico, and the Albuquerque Fairgrounds. With approximately 135 feet of highly visible frontage on Central Avenue, the property benefits from substantial daily traffic counts: 17,200 vehicles on Central Avenue, 29,600 on San Mateo Boulevard, and 12,100 on San Pedro Drive, ensuring excellent exposure for any venture.

Key highlights

  • Price Per SF $141.7/SF
  • Acres 0,5464 ac
  • Building Name Tewa Lodge
  • Tax ID Number 101805712318032502
  • Vehicles Per Day 17.200 VPD
  • Parcel APN 101805712318032502

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Year Built
1946
Building Size
9,087 sqft
Stories
2
Parking Spaces
27
Total Units
29
Property Status
Normal Sale
Building Status
Existing

Pricing details

Financing
Third Party Financing
Investment Property
Active investment property

Investment snapshot

$142
Price per sq ft

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only $1,288,000 - - - -

Features and amenities

Property Features

  • Price Per SF $141.7/SF
  • Acres 0,5464 ac
  • Building Name Tewa Lodge
  • Tax ID Number 101805712318032502
  • Vehicles Per Day 17.200 VPD
  • Parcel APN 101805712318032502

Location

Address as shown by the lister.

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About this area - Albuquerque

Population
37,711
Housing units
18,765
Land area
5.9 sq mi
County
Bernalillo

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Property documents

1 file to download

Links

2 links

Frequently asked questions

What is the asking price of Commercial Property for Sale in Albuquerque New Mexico 87108?

Commercial Property for Sale in Albuquerque New Mexico 87108 is listed at $1,288,000. That works out to about $142 per square foot.

Where is Commercial Property for Sale in Albuquerque New Mexico 87108 located?

The property is in 5715 Central Ave NE, Albuquerque, New Mexico 87108, Bernalillo County.

What type of property is this?

This is a lodging and hospitality for sale in the commercial category.

How big is the property?

The building is 9,087 sqft.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Coralee Quintana of Exp Realty listed this property. Use the Request Info button to send a message or call (505) 639-1266.

When was this listing published?

It was published on May 28, 2025 and last updated on May 28, 2025.

Listing information

Listing ID
CL-New Mexico-25380
Published
May 28, 2025
Last updated
May 28, 2025
Views
779

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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