Description
Retail Building, 6 Spaces with upside Potential. Current Rents are below market. 2 vacant suites at this time (approx. 650 sf and 420 sf). At an average of $12.00/sf Rent, the Gross Rents would be about $50,000/year for a great CAP Rate of about 7.5%. Largest suite is leased for $14.68/sf.Zoning is MX-L (Mixed Use - Low Intensity).TPO roof was done in 2013 - 2014. 6 Evaporative Cooling Units, Gas Heaters in each Suite, each has 1/2 Bathroom. Ideal for Retail or Offfice use, occupy one or both the vacant spaces or the whole building, or pure Investment for good income potential.
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Retail Building, 6 Spaces with upside Potential. Current Rents are below market. 2 vacant suites at this time (approx. 650 sf and 420 sf). At an average of $12.00/sf Rent, the Gross Rents would be about $50,000/year for a great CAP Rate of about 7.5%. Largest suite is leased for $14.68/sf.Zoning is MX-L (Mixed Use - Low Intensity).TPO roof was done in 2013 - 2014. 6 Evaporative Cooling Units, Gas Heaters in each Suite, each has 1/2 Bathroom. Ideal for Retail or Offfice use, occupy one or both the vacant spaces or the whole building, or pure Investment for good income potential.
IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or NM Homies | Realty One of New Mexico. Data last updated: 2023-03-29T21:05:24.52.
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Listing courtesy of R & R Real Estate Partners Llc: (505) 225-3570. © 2023 Southwest Multiple Listing Service, Inc.