PRICE REDUCTION! OPPORTUNITY! Huge and positive changes occurring in the Taos NM lodging market - snowboards, town promotion, Taos Ski Valley SOLD! Major property upgrades - bathrooms, furniture, TVs, solar heated pool, more. Potential to double rooms +, build casitas, establish conference center, upgrade existing, it's your choice. We've set the stage for growing via group business, commercial accounts, small meeting market, etc.
After 39 years, owner is ready to consider a career change. Best located lodging in the town is now available for the first time in decades. LP $1.799 million. Includes hotel, commercial - retail rentals, etc. on 2 A. Contact for more information on this Hotel for sale. Note, that 1 A. vacant land available for $176,000.
Opportunity for developer/family group, local partnership to own and operate solid existing business. Additional land available for $176,000 for developing added hotel rooms, suites, casitas, mixed use, owner/partner homes, or??? Income does NOT support price BUT price is $62/ SF including land. Land is tax assessed at $1 million. Deprec.bldg price is $27.55/SF. That means HUGE potential.
List price is $1,799,000. Terms are Cash, CTL, Refi. Seller W/C carry W/ solid down. W/C exchange/partial exchange. W/C lease/lease purchase W/ adequate up front investment. Sale offering is for 2.3 acres of land and 29,000 SF of building. Added 1 acre of land is $176,000.
Revenues shown include estimated embezzlement/theft during prior year. Potential is in the $750-800,000+ range plus any future improvements.
Property location is exceptional. Blocks from historic downtown Taos Plaza, near 5 museums, 70 galleries, 100 shops, more. Over 1 acre for further development. Value of excess land $176,000 NOT included in sale price Retail space offers potential for owner operated business - food, retail.
Seller is owner/agent. Slenes Realty Consultants, Inc. 505-298-7007