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110 Elm St Anthony, NM 88021-8240

OFF-MARKET Drive through restaurants Google Maps
1,208 SF 0.48 ac lot Built 1983
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$340k
Range $306k – $374k (±10%)
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

Current use

Occupant on record · Public records
  • 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
$340k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

NEIGH-COMM · Anthony, NM

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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