Storage, Boat Repair and Showroom Business

Industrial for Sale
Sale Pending
Catylist Listing ID: 30606493
Property Subtypes: Mixed Use, Light Industrial, Self Storage
Status: Pending
Building Size (RSF): 100,000 SF
Gross Building Area: See Agent
Gross Land Area: 7.50 Acres
Sale Price: $1,250,000
Unit Price: $12.50 PSF
Property Use Type: Business
Building Name: Morgan Marine
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 8/20/2020

Overview / Comments

A complete turnkey established business for sale! Morgan Marine has been in business since 1952 and includes: boat storage, repair, and retail business and on site residence. Located 3 miles from Elephant Butte Lake state park, New Mexico's largest lake. Storage business includes 324 units with 13 buildings totaling over 100,000 ft². Boat retail accessories showroom totaling almost 7,000 ft² with large repair bay equipped with a crane. Shop vehicles, equipment, inventory, fixtures and furniture are included! On site residence home includes an oversized 3 car garage with workshop, 2 bed, 1 bath and over 1900 ft² of living space and is partially furnished. Also features walk-in pantry, spacious laundry room, and a very large bonus room for den, hobby, or playroom that could be used as large office for the storage area or separate business as it has an outside access. This amazing turnkey successful business sits on over 7 acres of fenced land in an area and community with so much to offer.

Additional Details

Nearest MSA: Las Cruces
County: Sierra
Tax ID/APN: 3020078359003
Airports: Truth or Consequences
Number of Stories: 1
Property Condition: Average
Year Built: 1952
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 20
Overhead Cranes: 1
Air Conditioning: Evaporative Cooler
Zoning Description: Commercial
In Flood Plain?: Yes
Legal Description: Prop# 3020078352015 Sec 35 Twp 13S Rge 4W 0.50 AC IN NE4NW4 Prop# 3020078359003 Sec 26 Twp 13S Rge 4W-3.194 AC IN SE4SW4/SEC 35 TWP 13S RGE 04W-3.765 AC IN N2NW4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,636 8,319 8,319
Median Age: 52.37 54.12 54.12
Households: 856 4,233 4,233


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