321 Rio Grande BlvdAlbuquerque, NM 87104

Property Details for 321 Rio Grande Blvd

Lot size

0.14 AC

Property type

Turn key restaurants

APN

1-013-058-091-370-2-12-22

APU

101305809137021222

Description

This exceptional freestanding restaurant opportunity is located in Albuquerque's vibrant Old Town, at 321 Rio Grande Blvd NW, situated on a 0.6-acre lot. The property boasts a prominent location at the intersection of Rio Grande Blvd NW and Dora Ave NW, offering excellent visibility and accessibility. The building itself comprises 3,000 square feet, providing ample space for a thriving culinary establishment. The single-tenant occupancy ensures ease of management and control. This property presents a unique chance to establish or relocate a restaurant business in one of Albuquerque's most desirable and historic neighborhoods. Bernalillo County's strong economy and the consistent tourist traffic in Old Town create a robust market for food and beverage businesses. The generous lot size offers potential for expansion or outdoor seating, further enhancing the property's appeal. The address is 321 Rio Grande Blvd NW, Albuquerque, NM 87104. This is a rare opportunity to acquire a well-positioned, established restaurant space in a highly sought-after location. The property's size and location make it ideal for a variety of restaurant concepts. Don't miss this chance to own a piece of Albuquerque's rich history and thriving culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $1,011,170

  6.5%

  $933,388

  7%

  $866,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $562,145

  Geo Method

  $539,006

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,791,230

  Mixed-Use / Specialty

  $941,767

  Hospitality / Lodging

  $706,187

  Office

  $948,366

  Institutional / Educational

  $983,243

  Residential Income

  $1,150,390

  Multifamily

  $1,314,820

  Automotive / Energy

  $842,779

  Parking / Income-Based Land

  $279,266

  Restaurant / Food Service

  $514,806

  Healthcare / Senior Housing

  $953,759

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0975

Longitude

-106.672

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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