For Sale
$388,800

1027 San Mateo BlvdAlbuquerque, NM 87108

Fully renovated, high-cap-rate eatery.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a fully renovated restaurant located at 1027 San Mateo Blvd SE, Albuquerque, New Mexico, 87108. The 1,898 square foot property sits on a 0.15-acre lot and boasts 10 parking spaces, catering to both staff and patrons. Operating under a NNN lease, this retail space is zoned MX-L and benefits from its prime location on a busy thoroughfare, experiencing a combined daily vehicle traffic count of 32,000 vehicles from San Mateo and Zuni boulevards. The property is conveniently situated near major retailers such as Big Lots, Walmart, AutoZone, Dollar Tree, Mister Carwash, Bank of the West, and Bob's Burgers, ensuring high visibility and foot traffic. Internal features include a main dining room, dry storage, and a staff restroom. All utilities—cable, electricity, natural gas, and sewer—are connected. The asking price is $388,800, offering a compelling 9.07% cap rate. Its proximity to Kirtland Air Force Base, Albuquerque International Sunport, and I-40 further enhances its appeal. The restaurant's complete renovation ensures a move-in ready condition, minimizing upfront investment for the new owner. This property presents a rare opportunity to acquire a well-located, high-performing restaurant investment in a thriving Albuquerque commercial area. The property is approximately 305 feet from Whittier Elementary School.

Highlights

  • Desirable San Mateo location, south of Zuni.
  • Less than 305 feet to Whittier Elementary School.
  • Utilities connected: cable, electricity, natural gas, and sewer.
  • Features main dining room, dry storage, and staff restroom.
  • Completely renovated.
  • High daily traffic count: 16,700 vehicles on San Mateo, 15,300 on Zuni.

Property Details for 1027 San Mateo Blvd

Property type
Retail properties, Restaurants
Square Feet
1,898 SF
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.0663117
Longitude
-106.5866895
1027 San Mateo Blvd, Albuquerque, New Mexico

FAQs

What type of property is this?
Retail property - Fully renovated, high-cap-rate eatery.
Where is the retail property located?
The property is located at 1027 San Mateo Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $388,800.
What are key features of this property?
This property features: Desirable San Mateo location, south of Zuni.; Less than 305 feet to Whittier Elementary School.; Utilities connected: cable, electricity, natural gas, and sewer.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1027 San Mateo Blvd
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