442 Lohman & 514 Mesquite

Retail-Commercial for Sale
Catylist Listing ID: 30630450
Property Subtypes: Mixed Use
Building Size (RSF): 6,148 SF
Gross Building Area: See Agent
Gross Land Area: 208,440 SF
Sale Price: $350,000
Unit Price: $56.93 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2020

Overview / Comments

This is a unique investment opportunity with the building at 442 E Lohman and 514 S Mesquite. Located on a high traffic corner, this parcel provides excellent visibility. The bakery sits on the corner with access from Mesquite street. Next to the bakery, is an 1155 SF retail store with an apartment in the rear. 514 S Mesquite consists of a multi-unit rental property. The house is a 2 BR 1 BA home with1864 SF. Two additional units are in the rear - one is a 2 Br 1 BA, the other is a 1 BR 1 BA. Fully leased, this offers a great investment package.Plenty of room for rent improvements.

Financials

Finance Data Year 2020
Potential Rental Income $2,500 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 4007135380323
Zoning: C2- COMMUNITY COMMERCIAL
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: Lohman
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 1
Property Condition: Good
Year Built: 1964
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Parking is limited
Heat Type: Natural Gas
Air Conditioning: Evaporative Cooler
Zoning Description: C2- Community Commericial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,364 78,225 109,352
Median Age: 36.31 33.15 35.1
Households: 5,743 31,311 43,799
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