Bar and Restaurant with Outdoor
1511 Broadway Boulevard Southeast Albuquerque, NM 87102
1511 Broadway Boulevard Southeast, Albuquerque, NM, 87102
$1,600,000
For Sale
$1,600,000
Turnkey bar/restaurant with a full kitchen, multiple indoor and outdoor dining areas, office/storage, and ample on-site parking.
Property Size6,015 SF
Price / SF$266
Days on Market48
Property Features for 1511 Broadway Boulevard Southeast
General Information
- Standard status
- Active
- Size
- 6,015 SF
- Property subtype
- Retail
Listing Agency
SVN | Walt Arnold Commercial Brokerage, Inc.
(505) 239-0612
Listed by
Kyle Kinney · License #NM #52685
(505) 239-0612
Source
Svn
Added: Jun 2 Checked: Jul 17 at 5:15 am
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 SVN | Walt Arnold Commercial Brokerage, Inc.
Investment Insights
Based on property information with market context.
This beautifully appointed bar/restaurant property is built for flexible service and an exceptional guest experience. Inside, it offers a spacious 6015 SF layout with a full kitchen, multiple dining areas, and four restrooms. The configuration also supports an office/storage space and a stage area designed for musicians or additional seating, giving operators room to adapt the concept over time.
Set in the thriving Albuquerque area, the property includes both indoor and outdoor dining options, which can be valuable for year-round programming. On-site parking is available with 41 spaces, supporting convenient patron access for both casual visits and busier dining periods. The overall footprint is well-suited to a street retail style operation where visibility and walk-in interest matter.
For buyers and operators, the combination of a functioning kitchen, adaptable dining and stage layout, and dedicated storage/office space makes this site a strong match for a restaurant concept, entertainment-forward bar, or a retail investment focused on food and beverage uses. The ready-to-operate features reduce initial buildout concerns and support a smoother transition to a new management team or brand.
Set in the thriving Albuquerque area, the property includes both indoor and outdoor dining options, which can be valuable for year-round programming. On-site parking is available with 41 spaces, supporting convenient patron access for both casual visits and busier dining periods. The overall footprint is well-suited to a street retail style operation where visibility and walk-in interest matter.
For buyers and operators, the combination of a functioning kitchen, adaptable dining and stage layout, and dedicated storage/office space makes this site a strong match for a restaurant concept, entertainment-forward bar, or a retail investment focused on food and beverage uses. The ready-to-operate features reduce initial buildout concerns and support a smoother transition to a new management team or brand.
Key Highlights
- 6015 SF property with a full kitchen and multiple indoor and outdoor dining areas
- 4 restrooms for guests
- Office/storage space plus a stage area for musicians or additional seating
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.4k | $24.00 |
| − Vacancy | −$8.7k | −$1.44 |
| EGI | $135.7k | $22.56 |
| − OpEx | −$33.9k | −$5.64 |
| NOI | $101.8k | $16.92 |
6,015 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.45M
$1.27M – $1.70M
NOI $101,774 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,860 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nexus Blue Smokehouse
Restaurant
Nexus Cafe
Cafe & Coffee Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Mc David Lounge — Albuquerque, NM 87106
- The Minnow — 1413 4th St SW, Albuquerque, NM 87102
- Ren's Den — 900 4th St SW, Albuquerque, NM 87102
FAQs
What type of property is this?
Bar & Pub - Turnkey bar/restaurant with a full kitchen, multiple indoor and outdoor dining areas, office/storage, and ample on-site parking.
Where is this bar & pub located?
The property is located at 1511 Broadway Boulevard Southeast Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6015 SF property with a full kitchen and multiple indoor and outdoor dining areas; 4 restrooms for guests; Office/storage space plus a stage area for musicians or additional seating
