• MLS® #: 956037
  • 1204 E Santa Fe Avenue
  • Grants, NM 87020
  • $798,000
  • 8598 SqFt, 1.52 Acres
  • Commercial Sale
  • Office: Exp Realty Llc

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.

Essential Information

  • MLS® #956037
  • Price$798,000
  • Bathrooms0.00
  • Square Footage8,598
  • Acres1.52
  • TypeCommercial Sale
  • Sub-TypeHotel/Motel
  • StatusActive

Community Information

  • Address1204 E Santa Fe Avenue
  • Area390 - Cibola
  • CityGrants
  • CountyCibola
  • StateNM
  • Zip Code87020


  • ParkingOn Site, Guest


Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected


Fenced Yard, Storage Facilities


  • InteriorCarpet
  • Cooling2 Units


Multiple Heating Units, Heat Pump


  • ConstructionBlock

Additional Information

  • Date ListedOctober 14th, 2019
  • Days on Market59
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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on April 3rd, 2020 at 4:01pm MDT.