GuestHouse Inn & Suites- Albuquerque, New Mexico

2601 Mulberry Street SE Albuquerque, NM 87106

2601 Mulberry Street SE, Albuquerque, NM, 87106
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FOR SALE Incentives
Property Type:
Motel
Amount:
$2,750,000
Last Verified:
Oct 09, 2017

Highlights

  • Top 5 Largest Metro Employers Located Within 5 miles.
  • Value Add Property With New Management.
  • Close to New Medical Center.
  • Airport Market Property.
  • Low PIP to New Owner.
  • Appraised in 2013 for $4.5M

Description

GuestHouse Inn and Suites is a hospitality property located in Albuquerque, New Mexico in the Airport market. The property consists of 75 Single/Doubles with 5 Suites for a total of 80 doors. The property is the only hotel the out of state owner owns in New Mexico and wishes to concentrate on other properties in his hospitality portfolio.

GuestHouse Inn & Suites is located in Albuquerque, New Mexico and within the Airport submarket. Albuquerque is the geographical and business center for the state of New Mexico. The top 5 largest employers for the region are found within 5 miles of this offering.


Year Built: 2001
Building Size: 39876.0sq ft
Lot Size: 1.93 acres

Map of 2601 Mulberry Street SE, Albuquerque, NM, 87106

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.