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    107 Coal Ave Gallup, NM 87301

    Sponsored
    For Sale
    $1,700,000

    Prime Location, 20,000 SF, Turn-Key

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 107 W Coal Ave in Gallup, New Mexico, presents a unique investment opportunity. Boasting a substantial 20,000 square feet of space, this two-story building sits on a 0.27-acre lot (APN 2-105-088-518-162) and is priced at $1,700,000 ($85 per square foot). Originally constructed in 1953, the building has a rich history, having served as the location of the original Gallup JCPenney's and more recently, the successful Sammy C's restaurant and bar. Its prime location in a bustling commercial area ensures high visibility and accessibility for customers. The property's versatile layout is ideal for a variety of uses, making it an attractive option for both established businesses and new ventures seeking a turn-key operation in a thriving New Mexico market. The building's size and prominent location offer significant potential for growth and profitability. This is a rare opportunity to acquire a well-established commercial property in a desirable location with a proven track record. The property's history and current configuration make it an ideal candidate for a variety of restaurant, bar, or retail concepts. Don't miss this chance to own a piece of Gallup's commercial history. The property is zoned for commercial use and is ready for immediate occupancy.

    Property Features for 107 Coal Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,000 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1953
    Stories
    2

    HighLights

    • $1,700,000 asking price for a 20,000 square foot retail property.
    • Located at 107 W Coal Ave, Gallup, NM 87301.
    • Property type: Retail (Bar/Restaurant/Storefront).
    • $85 per square foot.
    • 2‑story building, built in 1953, on a 0.27‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sammy C's Rock ... Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.741722
    Latitude
    35.5271715

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    FAQs

    What type of property is this?
    Individual retail property - Prime Location, 20,000 SF, Turn-Key
    Where is this individual retail property located?
    The property is located at 107 Coal Ave Gallup, NM.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: $1,700,000 asking price for a 20,000 square foot retail property.; Located at 107 W Coal Ave, Gallup, NM 87301.; Property type: Retail (Bar/Restaurant/Storefront).
    Request Owner's contact information
    107 Coal Ave Gallup, NM 87301
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    Gallup, NM 87301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    107 Coal Ave Gallup, NM 87301
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