$1,200,000

3455 Highway 60

Quemado NM, 87829

Description

This is a very well managed gas station and convenience store with a tremendous upside. Property sits on 6 lots in Quemado, the fuel tanks are above-ground. On average there are 300 customers visiting this station per day. Seller also owns and operates a full liquor license and will sell including the liquor license for $1.7M. Liquor license may be leased for $4,000 per month or sold for $500,000. Gasoline in the above-ground tanks sells by separate Bill of Sale. 9.5% CAP based on the 2018 Operating Income for the business without liquor, CAP rate including liquor business is 11.6%.

Details

MLS#937094
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site227

Features

SQ Feet3,200
Story(s)1
ZoningC-1

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Area Information

StateNM
CountyCatron
CityQuemado
Zip Code87829
Area370 - Catron
Listing VS Median (in 87829)
Price:
$1,200,000
low | high
Med:
$222,500
100% of Average
SqFt:
3,200
low | high
Med:
1,714
96.4375% of Average
$ / SqFt:
$375
low | high
Med:
$130
100% of Average
On Site:
227
low | high
Med:
43.5
100% of Average
Listing Updated: 09/23/2019
MLS Number: 937094
Listing Provided By:
Wolfgang Rempen  of  New Mexico Ranch Pros