San Mateo Retail for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30662810
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 9,000 SF
Gross Land Area: 0.50 Acres
Sale Price: $450,000
Unit Price: $50 PSF
Ceiling: 10 ft.
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 9,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: 10.0%
Average Occupancy Rate: 25
Last Updated: 12/4/2020

Overview / Comments

Just add tenants! This center has had some work done and it is in ok shape for the area. It has one tenant that is a body shop now and has had gyms located there too. (remember when we went go gyms?) The owners are creative and willing to look at owner financing, trades and of course cash to them. Bring us your ideas!

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Taxing Authority: Albuquerque
Tax ID/APN: 101805601037820908
Zoning: MX-L - Mixed-use: Low Intensity
Retail Clientele: General
Property Visibility: Good
Largest Nearby Street: San Mateo just south of Zuni
Site Description: Level with parking on the north side and an alley in back.
Area Description: Older area with apartments single family homes and retail along San Mateo.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,000 SF
Property Condition: Average
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Exterior is in good shape with brick and stucco in front with conventional storefront glass.
Total Parking Spaces: 13
Parking Type: Surface
Parking Description: Parking is on the north side and in back.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Interior Description: One space is configured as a body shop, another as a gym and the third is open office/church.
Zoning Description: Neighborhood-scale convenience shopping needs.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple
Legal Description: Tract A-1 Plat of Tracts A-1 & A2 Block 5 Esperanza Addition (a replat of tract A Block 5 Esperanza Addition) cont .5657 Ac

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,948 107,824 276,918
Median Age: 38.57 35.39 36.83
Households: 10,828 48,230 120,860

Contact

Photograph of Listing Agent

Richard Hanna

Hanna Commercial, LLC CARNM CIE Member
Photograph of Listing Agent

Kristi McNair

Hanna Commercial, LLC CARNM CIE Member
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