Multiple Uses: Live/Work, Office, Retail, Residential, Multi-Family

Retail-Commercial for Sale
Also listed as Multi-Family, Office
Catylist Listing ID: 30782098
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 8,200 SF
Gross Building Area: See Agent
Gross Land Area: 1.10 Acres
Sale Price: $1,300,000
Unit Price: $158.54 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Last Updated: 1/16/2022

Overview / Comments

Custom built in 2007. Two buildings, EACH more than 4000 square feet, on 1.10 acres, in the Heart of the charming Village of Corrales. Live/Work, Live/Rent, Live/Extended or Multi-family. The Front building (3777) is eligible for Commercial, Residential or a combination application with 2 (bed)rooms and 1 bath downstairs, and 2 (bed)rooms and 1 bath upstairs. The Main House (3785), in back, has 4 bedrooms, 4 bathrooms, and multiple living spaces. Bed and Breakfast? Event Center for Corporate Retreats? Wedding Venue? Gorgeous views of the Sandia Mountains from inside, and outside on the Sunrise Deck. Party in the evening on the Sunset Deck. Why buy one when you can have two? Live in back and rent the front house, or use it as your law, medical, or other office, or retail space. Property is occupied. Drive down the road but please do not disturb the residents.

Current Tenants

Tenant Business Name Private Residents
Is Renting? Yes
Annual Revenue $60,000 (Annual)
Tenant Notes Front building is on 1 year lease through 2022 @ $3000/mo. Main house in back is currently tenant occupied month to month @ $3100/mo.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: R093273
Zoning: COMMERCIAL/RESIDENTIAL
Property Visibility: Excellent
Largest Nearby Street: On Corrales Rd, Just North of Meadowlark
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 2007
Roof Type: Flat
Construction/Siding: Wood Frame
Parking Description: 8 spots in front. Others behind front building. Parking to be verified.
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: Front 4000+ sq ft Building including 350 ft from Corrales Rd zoned Commercial, Back 4000+ sq ft 4Bd/4Bath building zoned Residential. To be verified how much of property can be used as commercial.
Water Service: Well
Sewer Type: Septic
Easements: Ingress/Egress
Easements Description: access provided to 3795 Corrales Rd, behind property
Legal Description: LEGAL: S: 33 T: 12N R: 03E SUBD: MAP 18 TRACT: 137B2A1A1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,331 51,150 166,036
Median Age: 50.67 41.88 40.22
Households: 1,806 21,412 66,363

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