810 County Road 48 - Restaurant FOR SALE


Ruidoso, NM 88345
$1,699,500 USD
575-973-2092
810 County Road 48, Ruidoso, NM for Sale
$1,699,500 USD
Restaurant - FOR SALE
1/28
null | 17.4% Cap Rate

810 County Road 48
Ruidoso, NM 88345


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,699,500 USD

PRICE/SF

$447 USD /SF

CAP RATE

17.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alto Cafe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Convenience Store, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Commercial

APN/PARCEL ID

4071060496512000000

ASK ABOUT THIS PROPERTY

Brittany WilsonPinnacle Real Estate & DevelopmentMore Info
575-973-2092

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Brittany WilsonPinnacle Real Estate & DevelopmentMore Info
575-973-2092

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.