801 Old Coors Dr Albuquerque, NM 87121
- Auto shops
- 3,314 SF
- 0.23 lot acres
Current Use by Public Records
- Performance Complete Auto Care / Auto Repair Shop / Tire Shop
Property Details for 801 Old Coors Dr
- Year built
- 1971
- Lot size
- 0.23 lot acres
- Property size
- 3,314 SF
- Property type
- Auto shops
- APN
- 1-011-056-280-474-1-19-14
- APU
- 101105628047411914
Description
This exceptional investment opportunity presents a thriving, fully occupied auto shop in Albuquerque, New Mexico. Located on a corner lot at 801 Old Coors Dr SW, this 3,092 square foot single-story building sits on a 19,558 square foot lot, zoned NR-C. Built in 1972, the property boasts three drive-in bays and includes all necessary equipment: one alignment machine, two vehicle lifts, and an air compressor. Two covered storage areas provide additional protection for equipment and inventory. The property enjoys a 100% occupancy rate and commands a strong asking price of $695,000, representing a compelling $224.77 per square foot and a 6.90% capitalization rate. This high-traffic location on a busy street offers significant growth potential. The seller is open to owner financing for qualified buyers, with terms including a 20% down payment, 7% interest, 30-year amortization, and a 5-year call provision. This turnkey operation is ready for a new owner to step in and continue its success. The property's prime location and included equipment make this a truly exceptional investment opportunity.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.7
- Latitude
- 35.0711
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
