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    2127 North Road

    Los Alamos, NM 87544
    • $2,400,000
    • STATUS: Active
    • ON SITE: 60 days
    • MLS #: 202003589
    UPDATED: 27 min ago
    $2,400,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $240
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1992
    County:

    School Ratings & Info

    Description

    This property has been well maintained, but would benefit from some updating. The actual business components, including branding of the North Road Inn, is included in the sales price. The current success of the Inn has relied heavily on word of mouth. Consequently, the upside to increase value and occupancy through social media and marketing is there. The business model is for extended stay, primarily business travel. Five of the 14 suites have kitchens, and eight of the rooms have a refrigerator and microwave. It was built to be able to add a third story - if desired. The clientele consists mostly of visiting professors/researchers/scientists coming to Los Alamos National Lab. In addition, due to the close proximity to the privately owned ski area - the Inn has seen Olympic athletes staying for their training at high altitudes. All furnishings, linens and appliances, televisions, equipment, appliances, and office equipment stays with the property. It has been in operation for 26 years and runs at about 80-90% occupancy. Manager's Living Quarters (690 sq ft) Property could be used for student housing for nearby UNM - Los Alamos branch; senior housing or co-op housing. Many options for this property.

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    © 2020 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Summit Group Real Estate Professionals are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-28T20:51:45.413.
    www.summitgroupnm.com/homes/109476706
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    2127 North Road Los Alamos, NM 87544

    • Price: $2,400,000
    • Status: Active
    • Updated: 27 min ago
    • MLS #: 202003589
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    10,000
    SQFT
    $240
    $/SQFT
    1992
    Built
    Neighborhood:
    53-N Community
    County:
    Los Alamos
    Area:
    53-N Community
    Property Description
    This property has been well maintained, but would benefit from some updating. The actual business components, including branding of the North Road Inn, is included in the sales price. The current success of the Inn has relied heavily on word of mouth. Consequently, the upside to increase value and occupancy through social media and marketing is there. The business model is for extended stay, primarily business travel. Five of the 14 suites have kitchens, and eight of the rooms have a refrigerator and microwave. It was built to be able to add a third story - if desired. The clientele consists mostly of visiting professors/researchers/scientists coming to Los Alamos National Lab. In addition, due to the close proximity to the privately owned ski area - the Inn has seen Olympic athletes staying for their training at high altitudes. All furnishings, linens and appliances, televisions, equipment, appliances, and office equipment stays with the property. It has been in operation for 26 years and runs at about 80-90% occupancy. Manager's Living Quarters (690 sq ft) Property could be used for student housing for nearby UNM - Los Alamos branch; senior housing or co-op housing. Many options for this property.
    Exterior Features

    Access Type Non-Ada Construction Frame Parking Facilities Parking AreaParking LotPavedStreet Parking Roof Flat

    Interior Features

    Floor Wood Sq Ft Total Building 5000+

    Property Features

    Approximate Age 21-30 Years Authority Los Alamos Bank Owned No Building Currently Leased No Building Use CommercialHotel/Motel/HospitalityLive/Work Commercial Type Hospitality Electric Public Gas Natural Lease Type Other - See Remarks Owner Pays None Possession Upon Funding Sewage City Tenant Pays None Water County

    Listing provided courtesy of T. Lance Eaton of Exit Realty Advantage Nm. © 2020 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


    © 2020 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Summit Group Real Estate Professionals are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-28T20:51:45.413.
     
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    Summit Group Real Estate Professionals
    433 Paseo De Peralta Suite 200
    Santa Fe NM, 87501