Historic Jones Motor Company Building in Nob Hill

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30671769
Property Subtypes: Free-Standing Building, Restaurant
Status: Pending
Building Size (RSF): 11,477 SF
Gross Building Area: See Agent
Gross Land Area: 0.55 SF
Sale Price: $2,850,000
Unit Price: $248.32 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/31/2021

Overview / Comments

Historic Jones Motor Company building, on the New Mexico State Register of Cultural Properties and on the National Register of Historic Places

Large patio, with space heaters, and seating for over 150 people

A turn-key operation - includes all FF&E: kitchen cookware, restaurant flatware and full brewery

Tenants (Cold Stone Creamery, Consignment Store and Agave Florist at Nob Hill) bring in over $52,000/year or $4,400/month in rent

New roof with warranty and new HVAC installed in November 2020

Heavy foot and vehicle traffic of Nob Hill and down the street from neighboring University trade area including University of New Mexico (UNM)

Along the Area Rapid Transit (ART) line right in front of the Nob Hill Station

Over $20M in trade area developments adding 200 luxury multi-family units, a boutique hotel and numerous retailers

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: 101605739226143206
Zoning: MX-M - Mixed-use: Moderate Intensity

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,136 119,099 283,899
Median Age: 34.41 35.91 36.99
Households: 8,104 54,025 123,124
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