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The City of Grants is expecting 35% job growth over the next 9 years. The Main Street Project is revitalizing downtown Grants and much more is going on in this beautiful region near El Malpais National Monument. There is a large variety of outdoor recreation, art and culture. This renovated vintage motel is being offered at proforma cap of 26.6% based on Grants 54.7% hospitality occupancy at only $45 per night ($62.15 avg) with high speed wifi and cable equally distributed throughout the property! Excellent boutique opportunity based on Sean Penn's filming at this location.
Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
Fenced Yard, Storage Facilities
Multiple Heating Units, Heat Pump
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Listing information last updated on April 3rd, 2020 at 4:01pm MDT.