3711 Ellison Rd Albuquerque, NM 87114
- Turn key restaurants
- 4,020 SF
- 1.20 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 3711 Ellison Rd
- Year built
- 2001
- Lot size
- 1.20 lot acres
- Property size
- 4,020 SF
- Property type
- Turn key restaurants
- APN
- 1-014-066-051-266-3-02-07
- APU
- 101406605126630207
Description
This exceptional 4,195 square foot former restaurant building sits on a highly visible 1.2-acre lot at the signalized corner of Cottonwood Drive and Alameda Road NW in Albuquerque's Cottonwood sub-market. Built in 2001, the single-story structure features 50 parking spaces and boasts 216 feet of frontage, ensuring maximum exposure. The property is zoned NR-BP and offers significant potential for a variety of uses. The building is currently vacant and includes existing restaurant infrastructure such as exhaust hoods and coolers, some of which may be available. This turnkey opportunity presents a rare chance to acquire a well-located, established property in a thriving Albuquerque neighborhood. The property's ample parking and prominent location make it ideal for a restaurant, retail establishment, or other commercial ventures. The parcel's APN is 101406605126630207. This is a single-tenant property with significant potential for redevelopment or continued use as a restaurant. The property's location in the Cottonwood sub-market of Albuquerque, New Mexico, offers easy access to major roadways and a dense population base.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,725,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,555,000
- 6.5%
- $1,815,000
- 7%
- $1,585,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,715,000
- Geo Method
- $1,940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,770,000
- Retail
- $1,910,000
- Mixed-Use
- $1,555,000
- Hospitality
- $1,745,000
- Educational
- $1,925,000
- Residential Income
- $1,780,000
- Energy
- $1,490,000
- Income-Based Land
- $1,865,000
- Food Service
- $1,760,000
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.655
- Latitude
- 35.2107
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
