M-1 WEST SIDE INDUSTRIAL PARK

Industrial for Sale
Catylist Listing ID: 30081296
Property Subtypes: Industrial-Business Park, Manufacturing, Mixed Use
Building Size (RSF): 5,126 SF
Gross Land Area: 1 Acre
Sale Price: $699,000
Unit Price: $136.36 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 6/8/2017

Overview / Comments

Property Overview:

This industrial property zoned M-1 (repeat, M-1, Light Industrial Use, one of the few, rare M-1 zoned parcels in Rio Rancho).

The Industrial Park is located along NM State Hwy 528, Rio Rancho’s principal north-south arterial. Currently the building is used as a meticulously maintained indoor enclosed animal boarding kennel and grooming salon, making the facility an ideal location for a veterinarian or similar user.
However, the listing price is for the land and building without regard to the business. Accordingly, if a new owner prefers to convert usage, the current owners will sell the physical assets of the animal boarding kennel and grooming salon separately to third parties.

Many upgrades and improvements have been made by the owners to the property. A new sewer system recently was installed by the City of Rio Rancho.

A manufactured home is on the property, depicted in one of the accompanying photographs. It measures approximately 28 feet by 66 feet (about 1,848 SF). The owners will sell to the mobile home to a buyer who may want to use it as an office or other use, or the owner will relocate the mobile home.

A range of possible uses for the property includes the current animal kennel and grooming facility; a veterinarian office; a manufacturing site consistent with the M-1 zoning which allows manufacturing accessories, electrical appliances, sheet metal, metal fabrication, boxes and crates; and a contractor’s yard.

Parking spaces designed for current use; more can be added.

Plans to improve NM State Hwy 528, which is adjacent to the Industrial Park, have been approved but awaiting funding. Nearby major roads include Northern Blvd and Southern Blvd.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Taxing Authority: Sandoval County
Tax ID/APN: 1014069507394
Zoning: M-1 LIGHT INDUSTRIAL USE, RIO RANCHO
Property Located Between: Northern and Southern Blvds along NM Hwy 528
Highway Access: NM Hwy 528
Airports: Albuquerque International Sunport
Site Description: Flat and level.
Area Description: Industrial Park along NM Hwy 528.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1997
Roof Type: Other
Construction/Siding: Steel Frame
Exterior Description: Steel Frame with finished office; poured reinforced concrete slab; brick veneer front; steel truss roof (free span). All doors insulated steel.
Parking Type: Surface
Parking Description: Paved and striped.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: Ceiling 13-14 feet, free span, slight slope from ridge line.
Zoning Description: M-1
Lot Frontage: 215 feet
Lot Depth: 202.93 feet
Water Service: Municipal
Sewer Type: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,002 48,412 126,601
Median Age: 44.46 42.47 38.16
Households: 2,937 18,967 47,966

Source

© Copyright Commercial Association of REALTORS® - New Mexico. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.