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Hard-Corner Restaurant/Retail Opportunity 5209 4th St NW 4,510 SF Retail Building Albuquerque, NM 87107 $825,000 ($182.93/SF)
INVESTMENT HIGHLIGHTS
- Iconic restaurant location - Former home of longtime local favorite
- Hard-corner pad site
- Zoning and layout support conversion to brewery or event space
- Highly-visible to 24,400 cars per day with 4th St. frontage
- New residential growth nearby - over 240 new units within 2.5 miles
- Building is listed on the National Historic Register, but redevelopment options exist
EXECUTIVE SUMMARY
Iconic restaurant location - Former home of longtime local favorite Mr. Powdrell’s BBQ
Highly-visible to 24,400 cars per day with 4th St. frontage
Hard-corner pad site
Dense daytime population
Surrounded by retail services
New residential growth nearby - over 240 new units within 2.5 miles
Ample parking, patio areas and outdoor storage unit
Brick multi-story building with historic charm and corner presence
Turn-key restaurant with kitchen infrastructure including multiple walk-in freezers and fridge, cooking hoods and BBQ pit
Building is listed on the National Historic Register, but redevelopment options exist
Zoning and layout support conversion to brewery or event space
Highly-visible to 24,400 cars per day with 4th St. frontage
Hard-corner pad site
Dense daytime population
Surrounded by retail services
New residential growth nearby - over 240 new units within 2.5 miles
Ample parking, patio areas and outdoor storage unit
Brick multi-story building with historic charm and corner presence
Turn-key restaurant with kitchen infrastructure including multiple walk-in freezers and fridge, cooking hoods and BBQ pit
Building is listed on the National Historic Register, but redevelopment options exist
Zoning and layout support conversion to brewery or event space
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,510 SF
Building Class
C
Year Built
1949
Price
$825,000
Price Per SF
$182.93
Tenancy
Single
Building Height
1 Story
Building FAR
0.86
Lot Size
0.12 AC
Zoning
MX-M - Mixed Use - Moderate Intensity
Parking
22 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-014-061-435175-4-15-18 | Improvements Assessment | $107,377 |
| Land Assessment | $80,344 | Total Assessment | $187,721 |
PROPERTY TAXES
Parcel Number
1-014-061-435175-4-15-18
Land Assessment
$80,344
Improvements Assessment
$107,377
Total Assessment
$187,721
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Hard-Corner Restaurant/Retail Opportunity | 5209 4th St NW
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