SOLD! – The Ellis Store Country Inn for Sale

The Ellis Store Country Inn for sale in Lincoln, NM

Location: 1453 Calle la Placita
Lincoln, New Mexico 88338
Contact: David A. Vigil, Owner
Contact Telephone: 505.350.6127
Contact Toll-Free: n/a
Contact Fax: n/a
Email: ellistore@pvtn.net
URL: www.ellisstore.com
Date Business Established: 01/01/1993
Trade Association Affiliations: n/a

Area Description: The Ellis Store B&B is located in a pleasant mountain valley in Lincoln, NM, a State Historic Site depicting the Lincoln County War and Billy the Kid. Approximately 40,000 tourists visit Lincoln each year. The ten-mile stretch of US Hwy 380 that runs through Lincoln is a National Historic Landmark and its many historic structures, one of which is the Ellis Store, are protected by a stiff ordnance in order to keep the historic aspect in effect. Besides the historic venues, there are several famed artists galleries, Ski Apache, a premium ski area, and the Ruidoso Downs Race Track, home of the world’s most famous quarter horse race, The All-American Futurity.

Site Description: The Inn is situated on approximately 4.82 acres of beautifully landscaped grounds comprised of thick, lush turf, and colorful flowerbeds, watered by a buried sprinkler system. The ~ 1 acre front lawn is ideal for weddings up to 300 guests. There is ample parking space for over 50 autos. One corner of this acreage reaches the banks of the Rio Bonito River. One acre of water rights will transfer with this unique property. There is a 3 acre irrigatable pasture suitable for grazing livestock. There are numerous shade trees and pecan, cherry, apple, mulberry, plum, cottonwood and cedar trees all around the property.

Structural Description: The 4,000 sq. ft main house has 24” adobe walls a pitched metal and shingled roof. Three guest rooms w/private baths, owner’s suite w/full bath, bedroom, sitting room and closet. A commercial kitchen, breakfast room, dining room and large living room w/fireplace. A utility room and laundry room. A 10’ x 80’ covered portal in front w/full view of front lawn and gardens. The Mill house is an adobe and frame two story structure with four bedrooms on the first floor, one with private bath, the others share two baths in the hall. The second floor has a large loft w/a queen bed, wet bar, refrigerator, dining table, sofas, futons and roll away beds. A third structure is a historic barracks from Ft. Stanton used for storage. A 10’ x 15’ closed tool shed behind the Mill House, a horse corral w/feed & tack shed next to the 3 acre pasture.

Offering: $500,000.00 JUST REDUCED to $350,000. Terms to be discussed w/potential qualified buyer.The property is a turn-key operation, listed on the National Historic Registry, and is suitable for possible uses as a Corporate Retreat, Bed and Breakfast, Art Gallery and Museum or simply a historic, grand home.

The Ellis Store Country Inn for sale in Lincoln, NM

The Ellis Store Country Inn for sale in Lincoln, NM

The Ellis Store Country Inn for sale in Lincoln, NM

The Ellis Store Country Inn for sale in Lincoln, NM

The Ellis Store Country Inn for sale in Lincoln, NM

The Ellis Store Country Inn for sale in Lincoln, NM

The Ellis Store Country Inn for sale in Lincoln, NM

The Ellis Store Country Inn for sale in Lincoln, NM

  • Occupancy: 45%
  • Average Daily Rate: $105
  • Income from Room Sales: $55,000 annually
  • Income from Weddings & Dinners: $70,000 annually
  • Property Taxes: $1,950.00 annually
  • Electric: $175/mo
  • Water and Sewer: n/a
  • Gas: $250/mo.
  • Insurance: n/a

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