7607 Nm Hwy 104 Hwy Conchas, NM 88416
- Retail properties
- 3.23 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7607 Nm Hwy 104 Hwy
- Year built
- 1970
- Lot size
- 3.23 lot acres
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 3.23-acre property at 7607 NM Highway 104 in Conchas, NM 88416, offers a unique investment opportunity. The existing building, constructed in 1970, has a rich history, previously operating as a bar and restaurant. Located just off Highway 104, it benefits from high visibility and convenient access. Its proximity to Conchas Lake, the third largest lake in New Mexico, presents significant potential for a thriving business. Within a two-mile radius are recreational attractions including the lake's south launching area, a golf course, and various water activities such as fishing, water skiing, and swimming. A convenience store and 24-hour gas station are approximately one mile away, adding to the area's convenience. The building's interior is open, allowing for flexible remodeling to suit various concepts. The property's significant acreage also presents possibilities for expansion, such as developing additional overnight camping facilities. While the building requires roof repairs, this presents a chance to customize the space to meet specific needs. The asking price is $65,000. This property is ideal for an entrepreneur seeking a unique restaurant venture or a developer looking to capitalize on the area's recreational tourism.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conchas
- County
- San Miguel
- State
- New Mexico
- Longitude
- -104.174
- Latitude
- 35.3745
