5420 Central AveAlbuquerque, NM 87105

Property Details for 5420 Central Ave

Year built

1963

Lot size

0.59 AC

Property size (Sq ft)

711 SF

Property type

Turn key restaurants

APN

1-011-057-325-337-1-02-16

APU

101105732533710216

Description

This exceptional 2,240 square foot turnkey restaurant is ideally situated on Central Avenue SW in Albuquerque, New Mexico, at a high-traffic hard-corner location on historic Route 66. The property boasts excellent visibility and signage, making it an attractive option for a variety of culinary ventures. The MX-M zoning permits the potential for drive-thru conversion, subject to necessary governmental approvals. This established eatery includes all fixtures, furniture, and equipment (FF&E). A significant outdoor dining area adds to the property's appeal. The asking price is $850,000, and the property is available for occupancy on September 19, 2024. The strong track record of this location, combined with its prime visibility and included FF&E, presents a compelling investment opportunity for owner-users. The sale includes all existing restaurant FF&E

• CAP approach

  CAP return

  Valuation

  6%

  $151,040

  6.5%

  $139,422

  7%

  $129,463

• Comparable approach

  Method

  Valuation

  Relative Method

  $154,387

  Geo Method

  $148,032

• Alternative Use

  Use

  Valuation

  Residential

  $117,607

  Hospitality

  $107,728

  Educational

  $89,628

  Medical

  $92,711

  Retail

  $139,422

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0821

Longitude

-106.699

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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