1104 Grand Ave - Restaurant FOR SALE


Las Vegas, NM 87701
$1,599,000 USD
505-429-1523
1104 Grand Ave, Las Vegas, NM for Sale
$1,599,000 USD
Restaurant - FOR SALE
1/48
null | 10.13% Cap Rate

1104 Grand Ave
Las Vegas, NM 87701


HIGHLIGHTS

  • INCOME PRODUCING PROPERTY WITH RESTAURANT APARTMENT SALOON AND EVENT CENTER, IN BUSINESS SINCE 1975 WITH PRESENT OWNERS!

OVERVIEW

In Historic Las Vegas, NM sits the Hillcrest Complex on Grand Ave, the main corridor through Las Vegas. Since 1949 people have been meeting friends at the Hillcrest which serves a variety of food. The Hillcrest Main Building includes the coffee shop, lunch and dining area. The kitchen galley is between the Coffee Shop and the Flamingo Dining Room which has an entrance from the parking lot. The Flamingo Room lends itself to larger gatherings or Banquets. Upstairs you have a three-bedroom Apartment. The Main Building has a full basement with exterior exit for deliveries. Attached to the Main Building is the Trading Post Saloon where people gather for an afternoon drink, with an Outdoor Patio Area. If you want to book a graduation, wedding venue, walk across the ample parking lot to the Grand Street Station for your private party or reunion, with catering done by the Hillcrest. Liquor License included, that can be used for special events, as a picnic license, approved by the City of Las Vegas. This opportunity is not to be missed, if you are looking for a well-established income producing business this Complex might be the one. Las Vegas, New Mexico is a Small Historic Community: Higher Education with Highlands University, Luna Vocational Technical and United World College. A Small Airport, Hospital, with Businesses to meet every day needs. Easy access off Interstate I 25 with 3 Exits. To the South of Las Vegas is Santa Fe, NM approximately one hour and to the North...the Colorado border approximately 3 hours. The I 25 Interstate from Canada- Phoenix through Denver Parallels Grand Ave. Have a question, please call. Cap Rate 9% SQUARE FOOTAGE FROM ASSESOR

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

10.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Hillcrest Complex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C3

APN/PARCEL ID

63700

ASK ABOUT THIS PROPERTY

Katharine DukeDuke Realty GroupMore Info
505-429-1523

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Katharine DukeDuke Realty GroupMore Info
505-429-1523

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