3200 White Sands BlvdAlamogordo, NM 88310

Property Details for 3200 White Sands Blvd

Year built

1984

Lot size

1.05 AC

Property size (Sq ft)

8,913 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

01N4055092075180

APU

01N4055092075180

Description

This exceptional 1.05-acre commercial property located at 3200 N White Sands Boulevard in Alamogordo, New Mexico, presents a remarkable opportunity for a savvy restaurateur. Previously home to the popular Peppers Grill, this turnkey establishment boasts significant potential for growth. The property features two distinct dining rooms, each with its own separate entrance, offering the unique possibility of operating two separate restaurants or entertainment venues from a single, shared kitchen. This versatile layout allows for diverse operational strategies and increased revenue streams. The property's prime location benefits from the ongoing revitalization of the adjacent mall and the consistent foot traffic generated by the nearby fairgrounds, ensuring a steady flow of potential customers. This established restaurant is ready for immediate operation, minimizing start-up costs and maximizing return on investment. The seller is open to considering lease options or owner financing, making this an accessible and attractive proposition for qualified buyers. The property's size and location, combined with its existing infrastructure and high-traffic location, make it an ideal investment for those seeking a thriving restaurant business in a vibrant community. This is a rare chance to acquire a well-established restaurant with significant upside potential in a rapidly developing area. Don't miss this exceptional opportunity to own a piece of Alamogordo's culinary landscape. The asking price is $699,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,927,159

  6.5%

  $1,778,916

  7%

  $1,651,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,981,056

  Geo Method

  $3,737,470

• Alternative Use

  Use

  Valuation

  Residential

  $1,500,582

  Hospitality

  $1,374,525

  Educational

  $1,143,589

  Medical

  $1,182,918

  Retail

  $1,778,916

Location Insight

City

Alamogordo

County

Otero

State

New Mexico

Latitude

32.9291

Longitude

-105.961

CBSA code

10460

CBSA name

ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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