1620 Carlisle Blvd Albuquerque, NM 87108
- Residential income homes
- 2,700 SF
- 0.31 lot acres
Current Use by Public Records
- Valero / Gas Station
Property Details for 1620 Carlisle Blvd
- Year built
- 1962
- Lot size
- 0.31 lot acres
- Property size
- 2,700 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 1-017-058-007-411-2-07-14
- APU
- 101705800741120714
Description
This Albuquerque, NM gas station presents a lucrative investment opportunity. The 3,280 square foot single-tenant property, located at 1620 Carlisle Blvd SE, boasts impressive sales figures: $70,000-$75,000 monthly in convenience store revenue and 75,000 gallons of fuel pumped monthly. The property sits on a 0.7-acre lot with 14 parking spaces and benefits from a MX-L zoning designation. Recent renovations totaling $70,000 include a new roof, bathrooms, AC, and LED lighting. Further improvements within the last three months encompass new pumps, canopy, and facade. Pump motors were also replaced in 2015. The property features a ten-year-plus Valero contract with profit margins of 29-50 cents per gallon. A former car wash building on the site offers additional value-add potential for leasing to compatible businesses. High traffic counts are a significant advantage, with 35,400 vehicles per day on Gibson Blvd and 5,400 vehicles per day on Carlisle Blvd. The seller will consider sale, lease, lease purchase, and lease option to buy. A $200,000 non-refundable down payment is required for lease options, and the buyer must purchase existing inventory at cost. This is a turnkey operation with significant upside potential. The property is a single-story building, renovated in 2024.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.604
- Latitude
- 35.0987
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
