5209 4th NW St Albuquerque, NM 87107-5102
This vacant, 4,719-square-foot restaurant building in Albuquerque's North Valley presents a unique redevelopment opportunity. Located on a nearly one-acre lot (0.95 acres) at 5209 4th St NW, 87107, this three-story property is zoned C-2 and offers ample parking with 30 spaces. The asking price is $920,000 ($243.70/sq ft). The building boasts original hardwood floors, decorative tile work, arched cabinet doors, and a brass ceiling fixture, showcasing its historic character. Architectural details include uniquely patterned red brick, a complex roofline with gables and dormers, rounded roof edges, boxed soffits, and casement windows, some with semicircular fanlights. A wrap-around porch with wrought-iron balustrades adds to its charm. The property is listed on the State and National Registry, but modifications are permitted. The basement provides additional storage space, not included in the 4,719 square feet. This property is ideally situated minutes from both downtown and uptown Albuquerque, offering excellent visibility and accessibility. A lease with an option to purchase after two years is available. Bring your vision and transform this building into a thriving restaurant or explore other redevelopment possibilities. This is a truly exceptional opportunity in a high-demand area.
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Mr Powdrell's Barbeque House Restaurant
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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