2929 San Mateo BlvdAlbuquerque, NM 87110

Property Details for 2929 San Mateo Blvd

Year built

1949

Lot size

0.16 AC

Property size (Sq ft)

1,349 SF

Property type

Office properties

APN

1-017-059-519-497-1-32-07

APU

101705951949713207

Description

This thriving 1,371 square foot hair salon is available for sale at $300,000 ($218.82/sq ft). Located at 2929 San Mateo Blvd NE in Albuquerque, New Mexico (zip code 87110), this property benefits from a highly visible location just south of Candelaria Road. The space is currently operating as a successful hair salon and is offered in move-in ready condition, presenting an immediate opportunity for a new owner. The current owner plans to remain in the space until August 2024. The property is zoned MX-L, allowing for a variety of potential uses. There are no recorded restrictive covenants (RECs) associated with the property. This presents a unique chance to acquire an established business in a desirable Albuquerque location. The sale price includes the existing business operations, fixtures, and equipment. Financial details and further information are available upon request. Serious inquiries only. This is a fantastic opportunity for an investor or entrepreneur seeking a turnkey retail operation in a high-traffic area. The property's prime location and existing business infrastructure make it an attractive investment with significant potential for growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $194,947

  6.5%

  $179,951

  7%

  $167,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $116,239

  Geo Method

  $111,454

• Alternative Use

  Use

  Valuation

  Residential

  $223,140

  Hospitality

  $204,395

  Educational

  $170,054

  Medical

  $175,902

  Retail

  $264,528

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1156

Longitude

-106.587

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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