Lulu's Kitchen on RT 66 Moriarty
Retail | 11.70% CAP | 371 SqFt
Marketing description
Looking for a lucrative investment on Historic Route 66? Explore the potential of Lulu’s Restaurant, located at 503 Old Route 66 Frontage Rd, Moriarty, NM. Priced at $245,000, this property features a leased takeout restaurant and self-serve water station for year-round passive income. The property's strategic positioning along a major corridor presents endless possibilities for growth and expansion. Additional lots are available for purchase, making this a versatile option for investors and entrepreneurs alike. Don't miss out on this chance to secure a dual-income property in a prime location - act now before it's gone! Give us call to discuss this propety with you now.
Investment highlights
Leased restaurant with an approximate net of $6,660 and the water company at $22,000 per year! Additional lot included that can be used for other businesses. This lot can be dropped from an offer as it is listed for $35,000 for a higher income return. Call us to discuss!
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