3200 N White Sands Blvd, Alamogordo, NM 88310
For Sale
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This exceptional 1.05-acre commercial property located at 3200 N White Sands Boulevard in Alamogordo, New Mexico, presents a remarkable opportunity for a savvy restaurateur. Previously home to the popular Peppers Grill, this turnkey establishment boasts significant potential for growth. The property features two distinct dining rooms, each with its own separate entrance, offering the unique possibility of operating two separate restaurants or entertainment venues from a single, shared kitchen. This versatile layout allows for diverse operational strategies and increased revenue streams. The property's prime location benefits from the ongoing revitalization of the adjacent mall and the consistent foot traffic generated by the nearby fairgrounds, ensuring a steady flow of potential customers. This established restaurant is ready for immediate operation, minimizing start-up costs and maximizing return on investment. The seller is open to considering lease options or owner financing, making this an accessible and attractive proposition for qualified buyers. The property's size and location, combined with its existing infrastructure and high-traffic location, make it an ideal investment for those seeking a thriving restaurant business in a vibrant community. This is a rare chance to acquire a well-established restaurant with significant upside potential in a rapidly developing area. Don't miss this exceptional opportunity to own a piece of Alamogordo's culinary landscape. The asking price is $699,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.