High Traffic Restaurant Space

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30725799
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 9,066 SF
Gross Building Area: See Agent
Gross Land Area: 45,999 SF
Sale Price: $750,000
Unit Price: $82.73 PSF
Property Use Type: Vacant/Owner-User
Building Name: Formerly Peppers Grill
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 11/12/2021

Overview / Comments

Amazing restaurant opportunity for sale! Lease or owner finance options are also available.

Formerly Peppers Grill, a successful Alamogordo restaurant staple, has untapped potential for the large party and event business. Two unique dining rooms have separate entry ways, creating the opportunity for two restaurants or entertainment spaces to run out of the same kitchen.

With the mall being revitalized across the street and the usual buzz on the fairgrounds, the traffic is consistently flowing to this establishment. Bring your culinary creativity to this unparalleled location! Call today for more information

Additional Details

Nearest MSA: Alamogordo
County: Otero
Taxing Authority: Otero County
Tax ID/APN: R018979
Zoning: C-3 BUSINESS PER CITY OF ALAMOGORDO
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Located on a main arterial of Alamogordo- White Sands Blvd
Site Description: The site is located in Alamogordo, NM within the corporate boundaries of Alamogordo, NM and generally within the community’s northern commercial district of N. White Sands Boulevard. The site lies on the east side of N. White Sands Blvd. and generally north of Fairgrounds Rd. and south of Robert H Bradley Drive.
Area Description: Alamogordo serves as the Economic Hub of Otero county and is the 7th largest city in New Mexico. Two nearby military bases include Holloman Air Force Base & White Sands Missile Range. Alamogordo is the closest city to White Sands National Monument.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1984
Year Renovated: 2001
Total Parking Spaces: 90
Parking Type: Surface
Parking Description: 90 dedicated parking spaces with potential for overflow.
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Lot One (1), Block One (1), Holiday Sands, Unit 2, Alamogordo, Otero County, New Mexico.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,967 24,130 30,513
Median Age: 37.96 40.08 39.27
Households: 1,634 10,180 13,013
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