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HIGHway House Motel and Dispensary

3200 Central Avenue Southeast, Albuquerque, NM, USA
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  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale
  • Cannabis Real Estate Listings | Other Commercial Properties for Cannabis Business Use For Sale

Listing ID : 566255

Listed On June 13, 2023 View Count 139

Listing Updated December 29, 2023

Price For Sale:
$6,500,000
Cap Rate:
10.23%
Utilities:
Electricity, City Water, Well Water, Solar, Garbage
Year Built:
1959
Cannabis or Hemp Use:
Cannabis Only
Terms of Sale:
Cash, Financing , Owner Financing
Phone:
5052977771
Email:
jltlrealestate1@gmail.com
Description :

Hello,

I hope this email finds you well. I am reaching out to share a unique and promising investment opportunity in the heart of Nob Hill, Albuquerque. We have a motel and restaurant for sale that has tremendous potential to become a thriving Cannabis Motel and Dispensary in the area. Allow me to introduce you to the HIGHway House Motel and Dispensary.

Situated in Nob Hill and one of the most vibrant and progressive neighborhoods in Albuquerque, the HIGHway House Motel and Dispensary holds great promise for the local cannabis industry. With the recent legalization of recreational cannabis in New Mexico, this property presents an incredible chance to establish a prominent presence in the emerging market. Data from Forbes showed the cannabis tourism industry was already worth $17 billion in 2022. Another study conducted by Kayak found that nearly 33 percent of American travelers 21 years of age and older are interested in visiting a cannabis dispensary while traveling and about 25 percent of respondents ages 21-34 have already traveled to a destination because cannabis was legal.

Here are a few compelling reasons why this opportunity stands out:

Prime Location: The HIGHway House Motel is located on RT 66 in the heart of Nob Hill, a dynamic neighborhood known for its eclectic mix of shops, restaurants, and entertainment venues. Its central location ensures high visibility and easy accessibility for both locals and tourists alike.

Established Presence: The motel, is currently known as the Hiway House Motel. By rebranding it as the HIGHway House Motel and Dispensary, you can capitalize on the existing customer base while attracting a new wave of cannabis enthusiasts.

I would be delighted to arrange a tour of the property at your convenience, where you can witness firsthand the exciting possibilities it holds. If you have any questions or require additional information, please do not hesitate to reach out to me directly. I am here to assist you in any way I can.

Thank you for considering this unique opportunity. Together, we can shape the future of the local cannabis industry in New Mexico.

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