Algodones I-40 Frontage Warehouse

Industrial for Sale
Sale Pending
Catylist Listing ID: 30024182
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 3,300 SF
Gross Building Area: 6,300 SF
Gross Land Area: 1 - 3.07 Acres
Sale Price: $250,000
Unit Price: $75.76 PSF
Docks/Doors: 1 Door
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Usable Size (USF): 3,300 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/23/2021

Overview / Comments

Great I-25 Frontage, very visible from the interstate, over 3 acres. Average daily traffic according to DOT 2017 study was 50,000. There is a 3300sf building with 8Ft clear span ceilings that can be used for Light manufacturing, office and industrial use. New Well and controls in 2019, new master cool units (2) in 2016. There is another 3000 sf building that is not usable in the condition it’s in. This was the old Rafael's Bar that was open there for years. 2 remaining lots are vacant and open for development with 3 phase and single-phase power, and natural gas available. All three lots are easily accessible from the Algodones freeway exit.

Options are Purchase all 3 acres and buildings for $450,000, Purchase 1 acre and the buildings for $250,000, purchase the vacant acre on the north for $125,000, purchase the vacant acre on the south for $100,000. Lease the vacant lots, the building or all of it, lease rate negotiable.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Tax ID/APN: 1024078369135
Highway Access: I-25
Site Description: Very Level, great access.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Roof Type: Gable
Construction/Siding: Stucco
Parking Type: Surface
Column Spacing: open
Sprinklers: None
X-Phase: 3phase to property
Heat Type: Other
Air Conditioning: Evaporative Cooler
Lighting: Fluorescent
Interior Description: Large open room
Zoning Description: Light Manufacturing, Commercial, industrial.
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 5 miles
Total Population: 9,271
Median Age: 41.11
Households: 3,147


Photograph of Listing Agent

Ron Hensley

EXP Realty, LLC CARNM CIE Member
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