205 Nizhoni Sale

Office for Sale
Catylist Listing ID: 30790970
Property Subtypes: Office Building
Building Size (RSF): 9,748 SF
Gross Land Area: 1.54 Acres
Sale Price: $1,600,000
Unit Price: $164.14 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: 205 Nizhoni
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.3%
Last Updated: 5/6/2022

Overview / Comments

NET LEASE SALE - EXCELLENT OPPORTUNITY TO OWN. INCREASE CAP RATE WHEN 3 SPACE IS LEASED.

Additional Details

Nearest MSA: Gallup
County: McKinley
Taxing Authority: McKinley County
Tax ID/APN: R196509
Zoning: HC - HEAVY COMMERCIAL
Property Located Between: SOUTH 2ND STREET AND COLLEGE DRIVE
Property Visibility: Excellent
Highway Access: NM 602 AND I-40
Site Description: EXCELLENT LOCATION AT NIZHONI BLVD AND 2ND STREET
Area Description: NEAR HOSPITALS, UNM AND RETAIL AREAS
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,473 SF
Year Built: 2018
Year Renovated: 2020
Roof Type: Arched
Construction/Siding: Aluminum Siding, Brick/Aluminum Siding, Concrete, Metal Siding, Steel Frame
Exterior Description: METAL - 3 FRONT INTERANCES. OVERHEAD DOORS IN REAR.
Parking Type: Surface
Parking Description: PARKING IN FRONT AND REAR
Heat Type: Natural Gas, Other
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: 3 LEASED SPACE. ONE VACAN (VANILA) SPACE READY FOR NEW TEANT TO COMPLETE.
Zoning Description: HC - HEAVY COMMERCIAL
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 1-A BERTINETTI ADDITION AND SUB REPLAT NO 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,649 17,503 23,449
Median Age: 37.88 33.11 33.17
Households: 1,029 6,206 8,149

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