Building For Sale Retail Hub of Espanola Servicing Northern NM

Retail-Commercial for Sale
Catylist Listing ID: 30437404
Property Subtypes: Free-Standing Building, Retail-Pad
Building Size (RSF): 4,988 SF
Gross Building Area: See Agent
Gross Land Area: 1.41 Acres
Sale Price: $895,000
Unit Price: $179.43 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/14/2019

Overview / Comments

This is a unique opportunity to own a versatile building visible along one of the most important traffic corridors servicing Northern New Mexico, with over 180 feet of frontage; perfectly sited on a 1.4 acre double legal lot with plenty of room for expansion and further development. Located in the B-2 General Commercial District of the City of Espanola, this building and site is located amongst the key destinations such as Walmart, Lowes, Starbucks. Big 5, and Harbor Freight; with the added benefit of public transportation access. According to the New Mexico Department of Transportation 2017 Traffic Monitoring Program, this site has a Vehicle Per Day count of 15,000-25,000. The building is ready for occupancy and some of the features include an approximate 40’ x 85’ showroom or public area with 9’ ceiling, large office space, breakroom/kitchen, one 3/4 bathroom, one half bathroom, two overhead doors, loading dock, drive-up ramp, and plenty of parking.

Additional Details

Nearest MSA: Espa
County: Rio Arriba
Taxing Authority: Espanola City, Rio Arriba County
Tax ID/APN: 1047122231066, 1047122212066
Zoning: B-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Casino, Other
Property Visibility: Excellent
Traffic/Vehicle Count: 19,000
Highway Access: 84W/285N
Airports: Santa Fe Airport, Sunport/Albuquerque
Area Description: Commercial District of Espanola
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Other
Construction/Siding: Concrete
Total Parking Spaces: 40
Parking Type: Surface, Other
Parking Description: Parking lot, plus additional area to create more parking.
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Other
Internet Access: Cable
Interior Description: linoleum, concrete slab and tile floors
Zoning Description: B-2 General Commercial District City of Espanola
Lot Frontage: 182'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,507 16,365 20,432
Median Age: 35.85 36.87 37.49
Households: 953 6,364 7,914
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