3711 Ellison Rd NW Albuquerque, NM 87114
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.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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