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    OFF-MARKET
    Retail properties & Spaces

    1410 Nm-68, Velarde, NM 87582

    3,000 SF 2.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional turn-key convenience store and gas station in Velarde, New Mexico, presents a lucrative investment opportunity. Boasting over 30 years of consistent ownership, this family-owned business enjoys a prime location on busy NM Highway 68, situated conveniently between Santa Fe and Taos. The 3,000 square foot building, renovated in 2022, sits on a spacious 2.4-acre lot and includes two gas pumps, currently dispensing 15,000 gallons of fuel monthly. The business generates impressive monthly inside sales of $105,000. A key feature is the fully equipped kitchen with a seating area, complemented by a well-stocked liquor section offering both "to-go" and on-site service. The current owner will allow the use of the existing alcohol permit, though it is not included in the sale price. The property's strategic location places it within an hour's drive of renowned resorts, landmarks, and cultural attractions in Taos, Santa Fe, Los Alamos, the Jemez Mountains, and the Rio Grande Gorge, ensuring a consistent flow of customers. Operating hours are 7 AM to 8 PM, seven days a week. The asking price for this thriving enterprise is $1,600,000. This is a rare opportunity to acquire a well-established, high-performing business with significant growth potential.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 3,000 SF
    Lot 2.4 ac (104,544 SF)
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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