724 North Main Street, Belen, NM 87002
Turnkey restaurant building with a 1,000+ SF commercial kitchen, ample parking, and main-street frontage for convenient operations.
- Added:
- Jun 11, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 2:36 am
Property Features for 724 North Main Street
General Information
- Standard status
- Active
- Size
- 2,797 SF
- Lot size
- 0.84 Acres
- Property subtype
- Retail
Listing agent Jacob Lopez License #REC-2024-0071
Listing office Berkshire Hathaway New Mexico Commercial Division
Listing date Jun 11, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway New Mexico Commercial Division
HighLights
- 2,797 SF turnkey commercial restaurant building on 0.84 acres
- 1,000+ SF commercial kitchen with FF&E included (hood, 3‑compartment sink, prep tables, tables, chairs, and more)
- 181' of Main Street frontage on a corridor carrying 17,239 VPD
- Dedicated reception/dining areas plus 3 restrooms, an office, interior storage, and an exterior storage container connected to the building
- 34 on‑site parking spaces with tri‑directional ingress/egress and dual monument signage plus on‑building signage
- C‑1 zoning offers flexibility beyond food service; I‑25 access is 1.9 miles away
Overview
The property sits on 0.84 acres with 181 feet of frontage on Main Street, within a corridor carrying 17,239 VPD. Access is supported by tri-directional ingress/egress, and dual monument signage plus on-building signage are included. Parking totals 34 spaces (at an approximate 12:1,000 SF ratio). All utilities are on-site, and the asset also benefits from nearby access to I-25, located 1.9 miles away.
For operators, this configuration supports front-of-house dining and back-of-house food prep with practical storage and an on-site office. For investors or buyers looking for C-1 zoning flexibility beyond food service, the C-1 designation can support a broader range of commercial uses while maintaining a restaurant-ready buildout. FF&E is included, and a currently operating business is referenced in the listing.
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 | $38.6k | $13.80 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $36.1k | $12.90 |
| − OpEx | −$9.0k | −$3.23 |
| NOI | $27.1k | $9.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belen
- County
- Valencia
- State
- New Mexico
- Longitude
- -106.7739965
- Latitude
- 34.668504
