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    110 Elm St Anthony, NM 88021

    Sponsored
    For Sale
    $395,000

    Turn-key Sonic, high traffic location.

    Property size:
    1,208 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 110 Elm St

    General Information

    Property type
    Restaurants
    Square Feet
    1,208 SF
    Lot Size
    20,909 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 1,208 SF Sonic Drive‑In on 0.48‑acre lot in Anthony, NM.
    • Located on main retail corridor, across from Wells Fargo.
    • High visibility with 9,140 daily vehicle counts on Anthony Dr.
    • 18 drive‑in stalls, large pylon sign, potential for drive‑thru addition.
    • Turnkey operation, ready for immediate occupancy; asking price $395,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sonic Drive-In Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Anthony
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.6075103
    Latitude
    32.006781

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    FAQs

    What type of property is this?
    Restaurant - Turn-key Sonic, high traffic location.
    Where is this restaurant located?
    The property is located at 110 Elm St Anthony, NM.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 1,208 SF Sonic Drive-In on 0.48-acre lot in Anthony, NM.; Located on main retail corridor, across from Wells Fargo.; High visibility with 9,140 daily vehicle counts on Anthony Dr.
    Request Owner's contact information
    110 Elm St Anthony, NM 88021
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    Anthony, NM 88021
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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
    110 Elm St Anthony, NM 88021
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