404 Romero St Albuquerque, NM 87104
- Commercial real estate
- 3,200 SF
Current Use by Public Records
- Commercial real estate
Property Details for 404 Romero St
- Property size
- 3,200 SF
- Property type
- Commercial real estate
Description
This exceptional 3,200 square foot restaurant space presents a unique opportunity in the heart of the historic Old Town district. Situated in a destination-oriented setting with strong retail synergy and high tourism, this location offers a rare chance for a seasoned restaurant operator to establish a thriving business. The property boasts a flexible layout, adaptable to various culinary concepts. Two conceptual plans are available: Plan A features 1,691 square feet of indoor space and 1,523 square feet of outdoor seating (not included in the lease rate), while Plan B offers 2,320 square feet of indoor space and 880 square feet of outdoor seating (also not included in the lease rate). The property's indoor and outdoor settings create a unique dining experience that captures the vibrant atmosphere of Old Town. The lease rate is in the upper $40s per square foot, NNN, with a generous tenant improvement allowance. The landlord is open to exploring alternative lease structures for qualified tenants. This is a truly exceptional opportunity to capitalize on the limited number of eateries in this premier tourist destination. The property is currently vacant and ready for immediate occupancy.
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
- -106.67034674922
- Latitude
- 35.097371719662
