801 Old Coors DrAlbuquerque, NM 87121

For Sale
$695,000
High-return auto shop, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a thriving, fully occupied auto shop in Albuquerque, New Mexico. Located on a corner lot at 801 Old Coors Dr SW, this 3,092 square foot single-story building sits on a 19,558 square foot lot, zoned NR-C. Built in 1972, the property boasts three drive-in bays and includes all necessary equipment: one alignment machine, two vehicle lifts, and an air compressor. Two covered storage areas provide additional protection for equipment and inventory. The property enjoys a 100% occupancy rate and commands a strong asking price of $695,000, representing a compelling $224.77 per square foot and a 6.90% capitalization rate. This high-traffic location on a busy street offers significant growth potential. The seller is open to owner financing for qualified buyers, with terms including a 20% down payment, 7% interest, 30-year amortization, and a 5-year call provision. This turnkey operation is ready for a new owner to step in and continue its success. The property's prime location and included equipment make this a truly exceptional investment opportunity.

Highlights

  • High-traffic location ideal for business growth.

Property Details for 801 Old Coors Dr

Property type
Retail properties, Auto shops
Square Feet
3,092 SF
Year Built
1972
Buildings
1
Stories
1

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.071030524875
Longitude
-106.69981826567
801 Old Coors Dr, Albuquerque, New Mexico

FAQs

What type of property is this?
Retail property - High-return auto shop, excellent location.
Where is the retail property located?
The property is located at 801 Old Coors Dr Albuquerque, NM.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: High-traffic location ideal for business growth.; ;
How can I contact the broker?
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801 Old Coors Dr
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