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THE LAGUNA VISTA LODGE SALOON & RESTAURANT

Price $3,350,000 Average Daily Rate 120
Property Type Hospitality Average Occupancy 70%
Property Sub-type
Motel
No. Rooms 44
Building Class B No. Stories 1
Sale Type Investment Year Built 1965
Cap Rate 6.00% Parking Ratio 1.18/1,000 SF
Lot Size 5.50 AC Zoning Description Commercial
Building Size 34,000 SF APN / Parcel ID 38

DESCRIPTION

5.5 Acres in the Heart of the Village of Eagle Nest, New Mexico, directly across from the Enchanted Park on US Highway 64, on the Enchanted Circle that connects the Towns of Angel Fire, Taos, Questa, Red River and Eagle Nest. The Old Hotel, Restaurant, Saloon, Courtyard, Stage, two Retail stores and a three bedroom apartment are all connected by a 250′ long 8′ wide wooded covered boardwalk. The rear, south property line, adjoins the Eagle Nest Lake State Park. Views of the lake, ski area of Angel Fire (12 Miles to the south), and the expansive valley floor can be seen from the owners residence and the six sportsman cabins. Plenty of room for expansion between the sportsman cabins and the south property line. The “sixes” consist of three duplex structures, six rooms each with a king bed. These units plus the owners home and a three car garage are all located on the east property line. The honeymoon cabin and the “two story” adjoin the managers apartment and check-in office. A new metal shop and man-cave is located behind the honeymoon cabin. The grounds are meticulously landscaped and accented with potted and hanging plants. Commercial washers and dryers are centrally located. The Courtyard has a beautiful lawn with an large 12 burner propane gas grill. The stage is covered and looks down into the Courtyard. The Saloon has been mentioned as one of the 10 best Saloons in the southwest as per True West Magazine. The Dispensers Liquor License also carriers with it a permit for carry-out “package sales” along with the ability to sell on Sundays. A commercial kitchen is located between the Saloon and the dinning room. Carry over into the Courtyard and retail space can allow for seating for as many as 250. The owners have updated rooms with new bedding and the exterior of each building has been stuccoed with new energy efficient windows. This is a turn-key price. Move in Ready.