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Fully Equipped Restaurant In University Area

2216 Central Ave SE Albuquerque, NM 87106

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Overview

2216 Central Ave SE presents a versatile opportunity in the heart of Albuquerque’s Brick Light District. This property is ideal for investors, owner-occupants, or restaurant operators seeking a high traffic Urban location or investment. The entire building totals 6,173 square feet and features an established local tenant profile with built-in foot traffic and visibility along one of the city’s most iconic corridors. Buyers may choose to occupy the available space themselves, lease it up to stabilize and increase value, or acquire the property now and reposition/redevelop it over time. The primary vacancy is a fully equipped restaurant space totaling 2,473 square feet (roughly 34% of the building). Previously used as “Brickyard Pizza” and most recently a local Mexican restaurant, the space is second- generation ready with two walk-in coolers, a full bar setup, a kitchen hood, and an existing floor plan that supports a quick launch for food and beverage operators. A private patio offers additional seating potential, while the surrounding tenants (a smoke shop and another restaurant) help generate consistent foot traffic from UNM. This is a plug-and-play opportunity for restaurateurs or a value-add play for those looking to capitalize on an irreplaceable Central Ave location.

  • Great owner occupier opportunity
  • Fully equipped restaurant and bar
  • 2 walk -in coolers
  • Visible to over 20,000 Cars per Day
  • Adjacent to the Laguna Burger and Flock of Moons Beer Garden
  • Adjacent to the University of New Mexico with over 23,000 students
  • Located in a dense residential and commercial trade area

Lease Spaces

NameRate
2216$22 /SF/Year

For Sale/Lease

Investment
Retail

Secondary Uses: Restaurant

Lease Rate
$22 SF/Year
Sale Price
$1,180,000
Price Per SF
$191.2/SF
Cap Rate
4.98%
Building Size
6,173 SF
Acres
0.1607 ac
Zoning
MX-M
Zoning Description
Mixed Use Moderate Intensity
Gross Income
$88,937.40
Net Operating Income
$58,812
Pro Forma NOI
$104,882
Total Expenses
$30,124.92
Structure
NNN
Signage
On Building
Showing Instructions
Contact Broker/Agent
Year Built
1947
Submarket
University
Property Use Type
Investment
Property Status
Existing
Vehicles Per Day
21,442 VPD
County
Bernalillo
Created
2025-07-01
Updated
2025-07-01
Listing ID
3006859d
Parcel APN
101605702729832614

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