Income Producing 4,920 Sq. Ft. Retail Building For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30458176
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station, Street Retail, Other
Building Size (RSF): 4,920 SF
Gross Building Area: See Agent
Gross Land Area: 23,958 SF
Sale Price: $375,000
Unit Price: $76.22 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Shorty's Convenience Store Corporate Office
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/4/2019

Overview / Comments

Excellent Investment Opportunity in Las Cruces, NM

- 4,920 sq. ft.
- +/- .55 acres
- C-2 Zoning
- 2 separate units
- Current owner operates the Laundromat which is approx. 2,160 sq. ft. Owner will sign a 5 year lease-back at $12/SF modified gross at closing for the laundromat (Owner will also consider selling the laundromat business separate from the real estate)
- Former Shorty's Convenience store is approx. 2760 sq. ft. (vacant)
- Roof done in 2017

Great opportunity for an end user to occupy the vacant portion and receive rent from the occupied unit.

Please call listing broker for additional information or to schedule a showing.

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 4007134444325
Zoning: C-2
Retail Clientele: General, Family, Business, Other
Property Located Between: Triviz and Solano
Property Visibility: Excellent
Largest Nearby Street: Solano
Highway Access: I-10, I-25 and Hwy 70
Airports: El Paso International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1978
Parking Type: Surface
Air Conditioning: Engineered System

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,094 84,619 118,468
Median Age: 34.94 34.63 34.62
Households: 6,901 34,616 46,790
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