C-3 Zoned Restaurant
2350 State Highway 47 Belen, NM 87002
For Sale
$255,000
Restaurant building on a nearly half-acre lot with C-3 zoning and high traffic exposure on a busy Rio Communities/Belen corridor.
Property Size800 SF
Lot Size0.48 Acres
Price / SF$318.75
Days on Market66
Property Features for 2350 State Highway 47
General Information
- Standard status
- Active
- Size
- 800 SF
- Lot size
- 0.48 Acres
Listing Agency:
Coba Investment Company
(505) 610-1294
Listed By:
Sonya M Sanchez
(505) 610-1294
Source:
Exprealty
Added: May 23
Changed: Jul 10
Last Checked: Jul 26 at 9:56PM
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 Coba Investment Company
Investment Insights
Based on property information with market context.
This for-sale restaurant property includes an approximately 800-square-foot building on a 0.48+/- acre lot. Public remarks indicate the site was previously operated as a hamburger concept, and it is being marketed for a new food-and-restaurant use. The zoning is C-3.
The location is described as being across from a new Maverick being built in Rio Communities and next door to the old Allsup’s, placing the property within a retail-oriented pocket. The property is also described as having high traffic on a busy side of Rio Communities and Belen in Valencia County.
For prospective tenants or buyers, the C-3 zoning and existing restaurant building make this a practical fit for operators looking for a flexible food concept in an established, high-traffic area. The site’s size also supports creative food-program formats as described in the remarks, including the ability to accommodate a small food-truck setup. Owner-finance options are noted as available by the seller.
The location is described as being across from a new Maverick being built in Rio Communities and next door to the old Allsup’s, placing the property within a retail-oriented pocket. The property is also described as having high traffic on a busy side of Rio Communities and Belen in Valencia County.
For prospective tenants or buyers, the C-3 zoning and existing restaurant building make this a practical fit for operators looking for a flexible food concept in an established, high-traffic area. The site’s size also supports creative food-program formats as described in the remarks, including the ability to accommodate a small food-truck setup. Owner-finance options are noted as available by the seller.
Key Highlights
- C‑3 zoned restaurant building on a 0.48+/- acre lot
- 800 sq ft +/- building previously used as a hamburger hot spot
- Located next door to the OLD Allsup's in the Rio Communities/Belen corridor
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 | $11.0k | $13.80 |
| − Vacancy | −$718 | −$0.90 |
| EGI | $10.3k | $12.90 |
| − OpEx | −$2.6k | −$3.23 |
| NOI | $7.7k | $9.68 |
800 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$110.6K
$96.8K – $129.0K
NOI $7,742 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$165.4K
$144.8K – $193.0K
NOI $11,580 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Restaurant building on a nearly half-acre lot with C-3 zoning and high traffic exposure on a busy Rio Communities/Belen corridor.
Where is this conventional restaurant located?
The property is located at 2350 State Highway 47 Belen, NM.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: C‑3 zoned restaurant building on a 0.48+/- acre lot; 800 sq ft +/- building previously used as a hamburger hot spot; Located next door to the OLD Allsup's in the Rio Communities/Belen corridor
