Economical Executive Office Downtown

Office for Sale
Catylist Listing ID: 7884294
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 4,726 SF
Gross Building Area: See Agent
Gross Land Area: 0.35 Acres
Sale Price: $410,000
Unit Price: $86.75 PSF
Property Use Type: Investment, Business
Building Name: Executive Center II
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

An economically priced income producing office building located in the heart of the downtown district. The downtown area is currently undergoing an extensive revitalization which will create jobs and become a vibrant center for government, public events, arts, retail and housing. The facility offers a recently remodeled large reception area, central control room, in place vault, conference rooms, multiple offices and a kitchenette/break room. Facility offers surface parking, nearby on street parking and is in close proximity to numerous public parking lots. Adjacent land options are available as well. The facility is currently utilized as executive offices with multiple tenants on short term leases. Formerly utilized as a doctor’s office, the facility offers a wide variety of options to potential users. Neighboring property owner has right of first refusal should purchase contract be presented. 132 Las Cruces Avenue is also for sale at $926,000. Please call Grady Oxford at 575-642-3893 for additional information or to schedule a private showing.

Financials

Finance Data Year 2011
Real Estate Taxes - Annual($) $1,992 (Annual)
Tax Value Land $46,300
Tax Value Improvements $136,700
Assessed Value - Total($) $183,000 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $1,992 (Annual)
Tax Value Land $46,300
Tax Value Improvements $136,700
Assessed Value - Total($) $183,000 (Annual)

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 02-05901
Zoning: CBD
Market Type: Medium
Side of Street: West
Road Type: Paved
Property Visibility: Good
Airports: El Paso International Airport
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1962
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 22
Heat Type: Electricity
Air Conditioning: Engineered System
Zoning Description: The Central Business District (CBD) accomodates government facilities, retail, office, residential and other similar uses in the central business area of the City.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,080 80,020 115,795
Median Age: 37.19 33.18 35.05
Households: 5,600 31,860 46,137
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