Office/Retail For Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30425716
Property Subtypes: Office Building, Other
Building Size (RSF): 4,265 SF
Gross Land Area: 0.24 Acres
Sale Price: $175,000
Unit Price: $41.03 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 4,265 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 8.3%
Average Occupancy Rate: 65
Last Updated: 8/16/2019

Overview / Comments

Turn-key investment opportunity with Value Add opportunities (Currently owner-occupied with one vacancy)
Long term tenants in place
Currently generating $14K plus net income per year, with the potential to double that amount if fully occupied.

Additional Details

Nearest MSA: Grants
County: Cibola
Zoning: C-2
Property Located Between: Northeast corner of First Street and High Avenue.
Property Visibility: Excellent
Site Description: Three separate single story buildings joined together. The property has been used for many years as an office/retail building, Several long term tenants in place.
Total Number of Buildings: 3
Number of Stories: 1
Year Built: 1935
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick, wood frame
Parking Type: Surface
Heat Type: Natural Gas
Air Conditioning: Evaporative Cooler
Zoning Description: C-2
Lot Frontage: 30'
Lot Depth: 141'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,906 9,880 11,358
Median Age: 38.47 35.32 35.15
Households: 1,567 3,597 4,146

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