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2203 1st St 2,280 SF 100% Leased Retail Building Alamogordo, NM 88310 $750,000 ($328.95/SF)
Investment Highlights
- Turnkey 2,280 -square-foot freestanding restaurant on East 1st Street with indoor and outdoor seating options, with equipment included in the sale.
- High-traffic location with exposure to 11,600 vehicles per day, serving a densely populated area that spends over $53,064,769 annually on dining out.
- Fully equipped restaurant property operating Pizza patio as a well known local favorite, offering immediate continuity or rebranding potential.
- Freestanding restaurant on 0.24 acres built in 1997, positioned near residential neighborhoods, schools, healthcare, and key community amenities.
Executive Summary
Discover 2203 1st Street in Alamogordo, New Mexico, a 2,280 -square-foot freestanding restaurant that offers a rare opportunity to acquire a fully equipped, turnkey restaurant along one of the city’s primary commercial corridors. Positioned on approximately 0.24 acres, the property benefits from excellent frontage and visibility along a high traffic arterial connecting key commercial, residential, and community destinations throughout Alamogordo. The site is highly visible to approximately 11,600 vehicles per day, providing consistent exposure for restaurant operations and brand recognition.
The property is currently operating as Pizza Patio, a well established neighborhood restaurant with a loyal customer base and a strong reputation for quality pizza and homestyle meals. The sale includes all kitchen equipment, fixtures, and furnishings, allowing a new owner to seamlessly continue existing operations or introduce a new restaurant concept without interruption. The building features both indoor and outdoor dining areas, offering flexibility for full service, fast casual, or specialty dining concepts seeking an adaptable restaurant layout in a proven location.
Pizza Patio, is well-positioned to serve a dense and stable trade area supported by more than 42,416 residents who spend over $53,064,769 annually on dining out. The surrounding area includes nearby healthcare providers, schools, parks, and established residential neighborhoods, further strengthening daytime and evening demand. This restaurant space for sale presents an exceptional opportunity for an owner operator, investor, or restaurateur to acquire a high visibility, fully equipped restaurant with an established brand presence and long-term growth potential in Alamogordo.
The property is currently operating as Pizza Patio, a well established neighborhood restaurant with a loyal customer base and a strong reputation for quality pizza and homestyle meals. The sale includes all kitchen equipment, fixtures, and furnishings, allowing a new owner to seamlessly continue existing operations or introduce a new restaurant concept without interruption. The building features both indoor and outdoor dining areas, offering flexibility for full service, fast casual, or specialty dining concepts seeking an adaptable restaurant layout in a proven location.
Pizza Patio, is well-positioned to serve a dense and stable trade area supported by more than 42,416 residents who spend over $53,064,769 annually on dining out. The surrounding area includes nearby healthcare providers, schools, parks, and established residential neighborhoods, further strengthening daytime and evening demand. This restaurant space for sale presents an exceptional opportunity for an owner operator, investor, or restaurateur to acquire a high visibility, fully equipped restaurant with an established brand presence and long-term growth potential in Alamogordo.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,280 SF
Building Class
C
Year Built
1997
Price
$750,000
Price Per SF
$328.95
Percent Leased
100%
Building Height
1 Story
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2025 Population
6,852
25,014
31,957
36,303
2030 Population
6,830
25,110
32,157
36,576
2025-2030 Projected Population Growth
-0.3%
0.4%
0.6%
0.8%
Median Age
37.5
38.7
38.8
39.5
College Degree + Higher
22%
24%
25%
16%
Daytime Employees
1,826
10,931
12,790
13,655
Total Businesses
228
1,537
1,724
1,853
Average Household Income
$68,847
$69,404
$71,430
$70,717
Median Household Income
$49,097
$51,048
$52,098
$51,220
Total Consumer Spending
$78.2M
$288M
$373.2M
$425M
2025 Households
3,027
10,777
13,712
15,559
Average Home Value
$217,911
$219,068
$220,178
$214,165
Nearby Major Retailers
Property Taxes
| Parcel Number | 01N4057094032519 | Improvements Assessment | $72,163 |
| Land Assessment | $17,423 | Total Assessment | $89,586 |
Property Taxes
Parcel Number
01N4057094032519
Land Assessment
$17,423
Improvements Assessment
$72,163
Total Assessment
$89,586
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2203 1st St
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