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Property profile & analytics
OFF-MARKET
Drive through restaurants

110 Elm St Anthony, NM 88021-8240

1,208 SF 0.48 ac lot Built 1983
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US61-0657185
Property summary
AI-generated overview

This thriving Sonic Drive-In restaurant in Anthony, New Mexico, presents a unique investment opportunity. Located at 110 Elm St, this 1,208 square foot, single-story building sits on a 0.48-acre lot zoned C-2. The property boasts a prime location along Anthony's main retail corridor, directly across from Wells Fargo and other essential services, ensuring high visibility and consistent customer traffic. Daily traffic counts on Anthony Dr. reach 9,140 vehicles, providing ample potential for increased sales. The restaurant features 18 drive-in order stalls, a large pylon sign for excellent brand recognition, and the potential for a drive-thru addition. The property is turn-key and ready for immediate occupancy, eliminating the need for extensive renovations or upgrades. All infrastructure is in place, allowing for a seamless transition and immediate revenue generation. This is an exceptional opportunity to acquire a well-established, high-performing restaurant in a rapidly growing market. The asking price is $395,000. The property offers full access and is ready for a new owner to step in and continue its success. Don't miss this chance to own a piece of Anthony's thriving commercial landscape.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1983
Total area 1,208 SF
Lot 0.48 ac (20,908 SF)
Zoning code NEIGH-COMM
APN 4-017-156-246-132
UPID US61-0657185
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sonic Drive-In Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
B & B MERRITT REAL EST LLC · 6 yrs held
B & B MERRITT REAL EST LLC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
NEIGH-COMM · Anthony, NM
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source § 150.158 HOME OCCUPATIONS.
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