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Alto Cafe 810 County Road 48

3,800 SF Retail Building Ruidoso, NM 88345 £1,340,905 (£353/SF) 17.40% Net Initial Yield

Investment Highlights

  • Heavy daily traffic, long established business, fully equipped, fully staffed, prime location, reputable business

Executive Summary

A Lincoln County Gem is for sale! On a prime corner of Hwy. 48 and Gavilan Canyon, Alto Cafe has been serving Ruidoso and surrounding ares for 24 years. Recently voted the best cafe in Ruidoso, this business is a favorite among locals and tourists alike. It is fully staffed with dedicated, long time employees that make this cafe run like a well oiled machine. Approximately, 11275 vehicles travel on these two sections of highway every single day. (NMDOT) Fully equipped and ready for new owners to the next level. Everything has a season, don't miss out on this opportunity to make Alto Cafe yours! Owner financing available.
There was a kitchen extension and remodel done 2022 as well as a new septic installed 2023. Building as air conditioning and heat, and multiple freezers and storage areas. The 1 acre tract adjacent to the cafe will convey in the sale.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,800 SF
Building Class
C
Year Built
1980
Price
£1,340,905
Price Per SF
£353
Net Initial Yield
17.40%
NOI
£233,304
Tenancy
Single
Number of Floors
1
Building FAR
0.51
Land Acres
0.17 AC
Zoning
Commercial - Cafe and lot are zoned commercial.

Amenities

  • Corner Lot
  • Fenced Lot
  • Property Manager on Site
  • Restaurant
  • Storage Space
  • Air Conditioning
  • Listing ID: 28530456

  • Date on Market: 19/05/2023

  • Last Updated:

  • Address: 810 County Road 48, Ruidoso, NM 88345

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