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    Portales, NM
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    Portales, NM Restaurants for Sale

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    Morton, TX Bledsoe, TX
    Former Sonic Drive-In For Sale
    Updated: Nov 15, 2024
    Former Sonic Drive-In For Sale

    304 N Chicago Ave, Portales, NM

    $299,000
    1,300 sqft 0.41 AC lot
    Top‑performing former Sonic location with infrastructure ready for occupancy.
    Located along the primary retail corridor in Portales.
    High‑demand drive‑in with 27 drive‑in order stalls.
    Great visibility from north & southbound traffic (9,500 cars per day).
    Desirable hard‑corner lot with drive‑thru potential.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Portales, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Event Venue Barn with Kitchen
    Event Venue Barn with Kitchen

    5608 Cactus Drive, Levelland, TX 79336

    $249,999
    8,150 sqft 9.71 AC lot

    Barn event venue includes a full kitchen, office, two bathrooms, and an outdoor patio with stage.

    View details
    Hereford Commercial Property For Sale
    Hereford Commercial Property For Sale

    706 E 5th Street, Hereford, TX 79045

    $269,000
    2,350 sqft 0.16 AC lot

    Commercial property in Hereford, TX, suitable for bakery or cafe.

    View details
    Hereford Commercial Property For Sale
    Hereford Commercial Property For Sale

    316 N 25 Mile Avenue, Hereford, TX 79045

    $345,000
    0.57 AC lot

    Corner lot with business potential on high-traffic street.

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    Levelland, TX Development Opportunity
    Levelland, TX Development Opportunity

    908 College Avenue, Levelland, TX 79336

    $40,000

    Prime commercial land near South Plains College, build-ready.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lubbock Land Hard Corner Location
    Lubbock Land Hard Corner Location

    4th Street, Lubbock, TX 79416

    $2,400,000
    8.50 AC lot

    Hard corner location zoned C-2 near expanding residential development.

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    Prime Retail Land in Lubbock
    Prime Retail Land in Lubbock

    502 Milwaukee Avenue, Lubbock, TX 79424

    $719,784
    0.92 AC lot

    0.92 acre retail land in a rapidly developing area.

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    Wolfforth Commercial Land For Sale
    Wolfforth Commercial Land For Sale

    405 N Dowden Road, Wolfforth, TX 79382

    $449,000
    54,014 sqft 1.24 AC lot

    Prime commercial land in Wolfforth, TX, with utilities included.

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    Wolfforth Commercial Land For Sale
    Wolfforth Commercial Land For Sale

    200 FM 179, Wolfforth, TX 79382

    $149,000
    0.53 AC lot

    Commercial land in Wolfforth, Texas, with utilities and C-1 zoning.

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    Portales, NM Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Portales, NM on our real estate platform. These investment opportunities span a total of 1,300 square feet of properties for sale, with an estimated market value of $299,000.

    Sale prices for restaurant properties in Portales, NM start at $299,000, averaging $299,000, and reaching up to $299,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Drive through restaurants 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) +1.0%
    Median Household Income $52,420
    College Educated 15.4%

    Taxes & Financing

    Tax Rate (average for all types) 2.62%
    Property Tax per SF $41.22 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

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