2 acres of commercial rental/income-producing opportunity

Hospitality for Sale
Also listed as Office, Retail-Commercial
Catylist Listing ID: 30767366
Property Subtypes: Spa, Other
Number of Units: 8 Units
Building Size (RSF): 2,930 SF
Gross Building Area: See Agent
Gross Land Area: 1.03 - 2.03 Acres
Sale Price: $750,000
Unit Price: $93,750 Per Unit
Property Use Type: Investment, Business
Name of Establishment: All About You Salon & Spa
Sale Terms: Cash to Seller, Owner Financing
Last Updated: 5/6/2022

Overview / Comments

A great rental/income-producing opportunity!

2.03-acres commercial land (Tract A) with two buildings and rural residential land (Tract B) at the gateway to Belen, New Mexico, a multicultural and up-and-coming community.

TRACT A

This 2,248-sqft adobe building at Highway 314 near I-25 Bypass offers limitless potential to businesses. Currently being used as a spa, its layout is adaptable for all types of businesses, such as attorney, construction, massage therapy, hair and nail techs, medical offices, restaurant and/or bar, convenience store, retail store, or automobile service and repair.

This property features 7 office suites, 1 large, open-floor-plan office with full kitchen, and 1 bath and shower. It has been in the same ownership and well-maintained since the 1980s. Featuring many upgrades, including roof, tile, and a freestanding sign to advertise the businesses. The property has power and features a new tap to city sewer!

Behind it is a cute and quiet, 682-sqft caretaker residence/rental.

The property also includes a half-acre of prime development land for a breezeway-connected guest house, and/or modular office, and/or ranching or boarding of horses, alpacas, llamas and other livestock, and/or additional parking for the businesses.

Whether you utilize this property for your business or rentals, it's a prime location for success!

Total cash-flow potential of the current buildings is $4,000 to $5,500 per month.

Own Tract A, this all-inclusive piece, for $499,000. Lease, purchase and/or owner carry with a significant down payment.

TRACT B

This prime land, in the same ownership since the 1980s, is zoned for rural residential and a quiet and safe place for a large family with a custom home / modular permitted with breezeway-connected residences. Excellent for a first-time buyer, vacation home, or rental.

It is also zoned for agriculture, with an added benefit ranching and/or boarding of horses, alpacas, llamas, sheep, cattle, and other livestock.

A prime location, power and city sewer available, easily accessible from a private driveway to highway frontage on NM-314, and it provides easy access for a commute via I-25.

Tract B is a great opportunity for only $159,000. Priced right to sell at $3.65 /sqft. Cash or owner may carry with a significant down payment.

Acquire both tracts for $698,000.

Both tracts are located 9 minutes from Los Lunas and 35 minutes from Albuquerque International Airport. All a short commute!

Investment Highlights

Located next to retail area traffic generators, with hundreds of new homes being built in Belen.

This commercial development with its residential casita supports the economic corridor along the North Belen I-25 Interchange.

Valencia County is an economic development hotspot. Major employers include Facebook, Niagra Bottling, and Keter Plastics, and builders and contractors.

Please see the attached Promotional Document for details about key market opportunities, cultural and community resources in and around Belen and Valencia County, and further technical information.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Valencia
Submarket/Township: Belen
Submarket Type: Other
Tax ID/APN: R079635
Zoning: C-1 (FRONT TRACT A) AND RR-2 (REAR TRACT B)
Retail Clientele: General, Business
Property Located Between: Belen and Los Lunas
Property Visibility: Excellent
Largest Nearby Street: NM-314
Feet of Frontage: 695
Traffic/Vehicle Count: 3,000
Highway Access: I-25 exit 195, 2.5 miles to the west
Airports: Albuquerque International Sunport Airport 26 min drive 29 mi
Site Description: Tract A, 1.03 acre, is 1/2 developed land and 1/2 land, generally flat. Tract B is 1 acre land, generally flat. Site is located north of the I-25 Business Loop, and accessed from Highway 314.
Area Description: Complementary to economic development along I-25 Business Loop. South Los Chavez, adjacent to city limit of Belen, NM, about 2 miles north of downtown Belen.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Stucco
Average Occupancy Rate: 60
Total Parking Spaces: 10
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Wall Units
Air Conditioning: Evaporative Cooler
Internet Access: Cable, Fiber Optic
Zoning Description: The purpose of the Neighborhood Commercial (C-1) District is to provide limited convenience commercial services for a specific residential market area. This district is intended to maintain the service function of rural neighborhoods in the county; or to locate a present foreseeable demand for small-scale, local convenience centers in an area where access, traffic-turning movement and off-street parking can be provided in a convenient and economic manner. The purpose of the Rural Residential (RR) Districts is to provide for varying densities of rural residential development on selected lands identified in the comprehensive plan for preservation of low density rural living. Source: Valencia County Zoning Code, Municipal Code §§ 154.
In Flood Plain?: Yes
Lot Frontage: 69.5
Lot Depth: 287
Water Service: Well
Sewer Type: Municipal
Easements: Utilities
Legal Description: LAND OF LILY PADILLA TRACT: A 1.03 ACRES MAP 93 LAND OF LILY PADILLA TRACT: B MAP 93 C-5-32 1.00AC

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,543 24,571
Median Age: 39.13 39.78
Households: 4,037 9,418

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