Alto Cafe | 810 County Road 48
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Alto Cafe 810 County Road 48
3,800 SF Retail Building Ruidoso, NM 88345 $1,699,500 ($447/SF) 17.40% Cap Rate
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
$1,699,500
Price Per SF
$447
Cap Rate
17.40%
NOI
$295,696
Tenancy
Single
Building Height
1 Story
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
-
Brittany Wilson -
Scott Miller -
Pinnacle Real Estate & Development
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Alto Cafe | 810 County Road 48
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