Office Complex for Sale

Office for Sale
Catylist Listing ID: 30315304
Property Subtypes: Business Park, Governmental, Institutional, Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 7,451 SF
Gross Land Area: 0.97 Acres
Sale Price: $715,000
Unit Price: $95.96 PSF
Property Use Type: Business
Class of Space: Class B
Usable Size (USF): 7,451 SF
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 12/7/2018

Overview / Comments

This three-building, four-unit medical complex located adjacent to the Presbyterian Española Hospital on 0.972 acres is 100%-leased and available to an investor or owner-user, subject to the existing leases. The property was completely renovated in 1995. The asking price is based on a June 2018 appraisal completed by Hippauf, Dry & Connelly.

Additional Details

Nearest MSA: Española
County: Rio Arriba
Tax ID/APN: R020267
Property Located Between: N Coronado Ave and N Paseo de Onate (US Hwy 285)
Property Visibility: Excellent
Highway Access: US Hwy 285/84, or N Paseo de Onate in Española, is one of the main north-to-south thoroughfares in New Mexico, connecting Española to Chama and southwestern Colorado to the north and Santa Fe to the south. This property is just one block to the east of US Hwy 285/84 (N Paseo de Onate).
Site Description: This is a multi-building multi-unit medical/professional office property (four units) on a single lot.
Area Description: This property is located on the northeast corner of Spruce Street and N Coronado Avenue, north of Plaza de Española which is located on the southwest corner of Paseo de Onate and Bond Street, approximately half a mile away. Plaza de Española is a cultural center and business node. The immediate neighborhood is the commercial corridor along Paseo de Onate. In the immediate area lies Presbyterian Española Hospital to the west and a religious facility to the east. Commercial use includes restaurants, small retail establishments, and car dealerships, but mostly small offices. Beyond the commercial corridor along Paseo de Onate, land use changes to almost exclusively residential.
Total Number of Buildings: 4
Number of Stories: 1
Typical SF / Floor: 1,862 SF
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Adequate
Zoning Description: R-O-I Residential-Office-Institutional District. This mixed zoning district is intended to provide a place for those types of institutional and commercial activities that require separate buildings and building groups surrounded by landscaped yards and open area. Land, space and aesthetic requirements of these uses make them desirable in suburban locations near residential neighborhoods or rural countrysides, and away from the concentration of people and traffic of the retail, wholesale and industrial areas of the community. Examples of allowed uses in this district are as follows: (1) Art galleries. (2) Assembly halls for nonprofits. (3) Libraries. (4) Museums. (5) Music conservatories. (6) Office buildings and offices for professional services. (7) Site-built single-family dwellings.
Lot Frontage: 75 ft
Lot Depth: 100 ft
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,557 12,800 18,665
Median Age: 38.31 36.92 37.51
Households: 1,085 5,018 7,306


Photograph of Listing Agent

Doug B Roberts, CCIM

dRoberts Realty LLC
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