Hard-Corner Mixed Use Investment Property for Sale
Also listed as Vacant Land
|Catylist Listing ID:
Mixed Use, Other
|Building Size (RSF):
|Gross Land Area:
|Property Use Type:
||Cash to Seller
Overview / Comments
Property is directly off Louisiana just south of Central, this property is in an easily accessible location from all directions. Currently the property consists of 2 vacant lots, a 3-bedroom house, 4 apartments, an office, detailing and mechanic shop and storage units. All of which are on month-to-month leases. A new sewer line was recently installed serving 2 apartment units.
Don’t miss this opportunity to acquire a cash-flowing investment property with tremendous upside potential.
Attachments & Media
||MX-L - Mixed-use: Low Intensity
|Property Located Between:
||Central and Gibson
||The Property is offered with existing month to month, full-service leases in place. A buyer may potentially realize significant improvement in NOI by restructuring the leases and making a few minor adjustments to the operation of the Property:
Bill back for electric & gas utilities
Lease the owner-occupied office & shop space.
Charge rent for the storage and shop space
||The property is located near the intersection of Louisiana and Southern Ave SE, just north of the Louisiana entrance to Kirtland Air Force Base, carrying 17,400 vehicles per day. Not only is the area well trafficked, it is conveniently located near Central Ave. (Route 66) and Expo New Mexico (the site of the New Mexico State Fair and numerous concerts and events) and the Downs casino and racetrack. Schools and parks surround this region which is populated by families and children.
|Number of Stories:
||MX-L Mixed Use Low Intensity
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