Mesilla Investment with room to grow

Office for Sale
Also listed as Retail-Commercial, Hospitality
Catylist Listing ID: 30325416
Property Subtypes: Executive Suites, Mixed Use, Other
Building Size (RSF): 3,054 SF
Gross Building Area: See Agent
Gross Land Area: 39,640 SF
Sale Price: $575,000
Unit Price: $188.28 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 11/19/2018

Overview / Comments

Location, consistency, and potential for future growth. This Mesilla property has it all. While the two buildings on the property are already rented and have a strong rental history, they are also in great condition and boast recent updates. The present buildings generate a solid income, while the property offers a large lot that allows the potential for growth. Begin with just over 3000 square feet and a $575,000 purchase price and watch the investment you've envisioned grow in this attractive, highly sought out, and busy town of Mesilla. Don't pass up this rare opportunity to invest in your dream, your future, and in this lovely area "where History is not a trend, it's tradition!" Call Jeremiah Lay at 575-571-1075 for an appointment to learn more about this fantastic find.

Attachments & Media

Current Tenants

Tenant Business Name Spaology Body Bar
Website URL http://spaologybodybar.net/
Is Renting? Yes
SF of Space Occupied 3,054 SF

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 4-006-137-229-231
Property Visibility: Excellent
Airports: ELP & Las Cruces International
Total Number of Buildings: 2
Number of Stories: 1
Parking Type: Surface
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal
Legal Description: S: 25 T: 23S R: 1E BRM 11B TR 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,268 53,801 100,867
Median Age: 42.08 33.22 35.39
Households: 2,238 21,655 40,630
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.