Office, Mixed-Use and/or Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30277869
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 21,336 SF
Gross Building Area: See Agent
Gross Land Area: 1.03 Acres
Sale Price: $1,900,000
Unit Price: $89.05 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 5/23/2018

Overview / Comments

This offering is located in the central business district of Los Alamos. It is a well maintained, two-story art deco office building built in 1970 making it an excellent redevelopment opportunity. The foundation is poured concrete with stucco exterior walls that are wood framing. Parking is ample with 50 spaces and easy ingress/egress. Currently, one tenant is leasing a small portion of the ground floor for retail use. The second floor is fully vacant and contains approximately 35 offices ranging in size from 100± SF to 1,515± SF with a full kitchen, break room and elevator. The prior tenant was LANL Legal. The population of Los Alamos is 18,000± with it growing to nearly 23,000± during the work week. The average median income is $108,000± per year, with the majority of citizens holding advanced degrees. The largest employer is Los Alamos National Labs (LANL) with approximately 12,000 employees. The community is in need of additional retail, housing and office resources to accommodate the expanding population.

Additional Details

Nearest MSA: Los Alamos
County: Los Alamos
Taxing Authority: Los Alamos
Tax ID/APN: 1034112078292
Zoning: DT-TCO DOWNTOWN DISTRICT NEIGHBORHOOD
Retail Clientele: General, Business, Tourist
Property Visibility: Excellent
Largest Nearby Street: Trinty Drive
Number of Stories: 2
Year Built: 1970
Roof Type: Flat
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: Paved and ADA compliant.
Passenger Elevators: 1
Heat Type: Natural Gas
Legal Description: SUBD EASTERN AREA 3 BLOCK FF LOT 001 TRACT NW S15 T19N R6E

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,426 8,476 14,171
Median Age: 40.12 42.23 43.86
Households: 1,206 3,880 6,174
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