Alto Cafe | 810 County Road 48
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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.
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
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
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Alto Cafe | 810 County Road 48
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