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8032 4th St NW

8032 4th St NW Albuquerque, NM 87114

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Overview

Historic New Mexican Restaurant nestled in the heart of the beautiful North Valley. This Restaurant has been serving New Mexicans for over 50 years with authentic quality cuisine that has become the standard for the New Mexican food industry. The restaurant is expansive with 8591 square feet of dining and serving space. There are sprawling spacious patios with koi fish ponds and gardens that warmly invite you to spend the evening enjoying custom drinks and cocktails from the full service bar. The interior has enough seating for couples to enjoy an intimate dinner or large parties looking for a banquet celebration. Full service large kitchens are prepared to handle any crowds and the two large walk in freezers can store enough supplies to meet the highest of demands.

Parking for guests is never an issue because this iconic restaurant sits on 2.0398 acres. This is a momentous opportunity to be a part of a Historic New Mexican Restaurant that boasts a proven track record of success, quality, and rich history.

  • ±8,591 SF Restaurant Space – Includes multiple dining rooms, banquet areas, full-service bar, and garden patios.
  • Zoning:  C-1, allowing for restaurant, event space, or future redevelopment.
  • Site Size: ±2.04 Acres – A rare land offering in the lush North Valley.
  • Parking: Large on-site lot with ample parking for regular traffic and private events.
  • Legacy Location: Over 50 years of continuous operation — a beloved and iconic New Mexican restaurant brand.
  • Stunning Outdoor Space: Expansive garden patios, koi pond, and shaded outdoor dining with a tranquil atmosphere.
  • Turnkey Commercial Kitchen: Fully equipped with commercial-grade kitchen, two walk-in freezers, and generous prep space.
  • Full-Service Bar: Interior bar with patio access — ideal for private parties and high-margin beverage service.
  • Destination Appeal: Ideal for weddings, family gatherings, and events, with built-in demand and name recognition.
  • Strong Local Demographics:
    • Population (5-mile radius): 227,936
    • Average Household Income: $80,061
    • Daytime Employees: 149,223
  • Traffic & Access: Easily accessible via Rio Grande Blvd and Paseo del Norte, located in a high-demand corridor with rich character.

For Sale

Investment
Sale Price
$3,000,000
Price Per SF
$349.2/SF
Cap Rate
9.01%
Building Size
8,591 SF
Acres
2.0398 ac
Zoning
C-1 Neighborhood Commercial Zone
Gross Income
$1,471,314.33
Net Operating Income
$270,291
Total Expenses
$1,201,023.33
Floors
2
Parking Ratio
4.42 / 1,000
Parking Spaces
38
Submarket
North Valley
Tax ID Number
101506423700740107
Property Use Type
Business
Property Status
Existing
Vehicles Per Day
13,353 VPD
Average Occupancy Rate
100%
Nearest Interstate
I-25 - 2.5 mi
Nearest Highway
NM-423 - 1.2 mi
Nearest Airport
Sunport - 12 mi
County
Bernalillo
Created
2025-05-19
Updated
2025-05-19
Listing ID
82024f22
Parcel APN
101506423700740107

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