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Established Restaurant Building For Sale

4703 Central Ave NW, Albuquerque, NM

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For Sale

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Restaurant building with indoor and outdoor seating available for sale.

Type:RETAIL

Property size:

2,796 SF

Lot size:

0.51 Acres

Price / SF:

$268/SF

HighLights

Established Restaurant: Benefit from over 35 years of brand equity.
High Capacity: Features 100 indoor seats plus 20 outdoor patio seats.
Prime Location: Enjoy excellent visibility with signage on Central Ave NW.
Modern Construction: Built in 2002 and in very good condition.
Public Transportation Access: Conveniently located less than 1 block from the A.R.T bus stop.
Turnkey Opportunity: Ready for immediate operation.

We can help!

Listing Contact

Ed Anlian CCIM

For Sale

Contact for pricing

Restaurant building with indoor and outdoor seating available for sale.

Type:RETAIL

Property size:

2,796 SF

Lot size:

0.51 Acres

Price / SF:

$268/SF

Added:: Mar 19, 2025
Days on Market:: 454
Last Refresh:: May 20 at 8:26 pm

Property Features for 4703 Central Ave NW

General Information

Standard status: Active
Size: 2,796 SF
Lot size: 0.51 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Ed Anlian CCIM

Listing agent Ed Anlian CCIM

Listing office Johnson Commercial Real Estate

Listing date Mar 19, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Johnson Commercial Real Estate

HighLights

Established Restaurant: Benefit from over 35 years of brand equity.
High Capacity: Features 100 indoor seats plus 20 outdoor patio seats.
Prime Location: Enjoy excellent visibility with signage on Central Ave NW.
Modern Construction: Built in 2002 and in very good condition.
Public Transportation Access: Conveniently located less than 1 block from the A.R.T bus stop.
Turnkey Opportunity: Ready for immediate operation.

Overview

This restaurant building, constructed in 2002, has been family-owned and operated for over 35 years. The building is in very good condition and includes 100 indoor seats and an outdoor patio with seating for 20. Signage is available on Central Ave NW. The restaurant is located less than one block from an Albuquerque Rapid Transit (A.R.T) bus stop. The sale does not include the restaurant name. The property size is 2,796 square feet and is suitable for restaurant or retail use.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$67.1k	$24.00
− Vacancy	−$4.0k	−$1.44
EGI	$63.1k	$22.56
− OpEx	−$15.8k	−$5.64
NOI	$47.3k	$16.92

2,796 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$675.8K

$591.4K – $788.5K (±1% cap)

NOI $47,308 @ 7.0% cap · market cap 6.31%

Second Best

Retail

$574.2K

$502.4K – $669.9K (±1% cap)

NOI $40,191 @ 7.0% cap · market cap 5.36%

Theoretical Best

Office A

$676.4K

$591.9K – $789.2K (±1% cap)

NOI $47,349 @ 7.0% cap · market cap 6.31%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

El Charritos New ... Restaurant

Suggested Use

Similar Places Nearby

Garcias Kitchen Catering — 1766 Central Ave SW, Albuquerque, NM 87104
a lotta enchilada 505 — albuquerque, nm 87102
The Bougie Brie — 2043 S Plaza St NW Room 3, Albuquerque, NM 87104
Southwest Savories Aviation Catering LLC — 616 Lomas Blvd NW Suite C, Albuquerque, NM 87102
Old Town Pizza Parlor — 108 Rio Grande Blvd NW, Albuquerque, NM 87104

Location Insight

Map
Local Demand

City: Albuquerque
County: Sandoval
State: New Mexico
Longitude: -106.691
Latitude: 35.0849

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For sale
Restaurants
NM
Albuquerque
4703 Central Ave NW

What type of property is this?

Restaurant - Restaurant building with indoor and outdoor seating available for sale.

Where is this restaurant located?

The property is located at 4703 Central Ave NW Albuquerque, NM.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Established Restaurant: Benefit from over 35 years of brand equity.; High Capacity: Features 100 indoor seats plus 20 outdoor patio seats.; Prime Location: Enjoy excellent visibility with signage on Central Ave NW.