Retail Building & Duplex For Sale

Retail-Commercial for Sale
Catylist Listing ID: 29662148
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 2,959 SF
Gross Building Area: See Agent
Gross Land Area: 0.22 Acres
Sale Price: $325,000
Unit Price: $109.83 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/19/2017

Overview / Comments

**Owner will finance with substantial down payment. Balloon in 3-5 years.

Retail building with two residential apartments for sale on the corner of Shalem Colony/Bamert and Picacho.

Total monthly rental income is $1,830.00.

-Beauty Shop can handle two tenant - each pays $340.00 per month
-Two residential units - one unit rents for $425.00 per month and the other at $725.00 per month.

Recent Improvements include:
-Beauty Shop: new flooring, carpeting & tile. New A/C unit in 2009.
-Small Apartment: new paint, and roof in 2014. New A/C unit in 2009.
-Large Apartment: completely refurbished in 2010, 2 new A/C units in 2009.

Complex was re-stuccoed and painted in 2009.

Long standing tenants.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 03-02582
Zoning: EC2-C
Market Type: Medium
Retail Clientele: General, Family
Side of Street: Southwest
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Shalem Colony and Picacho
Highway Access: Very close access to I-10. Access to Hwy 70 and I25
Site Description: Corner of Shalem Colony/Bamert and Picacho
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1950
Parking Type: Surface

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 22,214 77,105
Median Age: 37.62 35.82
Households: 8,197 30,337

Source

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