1606 7th , NM 87701
Great investment opportunity.. 4200 sq. ft Storefront space divided into 2 rentable units. Unit A is 1550 sq. st rented to beauty salon, currently in place for over 8 years with current rent at $1, 600 monthly. Unit B is 2650 sq ft rented to smoke shop and rented for $2, 200 monthly. Gross rental income is $45, 600 per year with tenants paying taxes, insurance and repairs on double net lease and yeilding 6% cap. Each unit includes private office, storage, rest area, and plenty of parking. Great location, corner unit on high traffic street. Close to Little Cesar, Starbuck, Taco Bell, Pizza Hut, Walgreens, McDonalds and much more. Located on state highway 518 and minutes to interstate and major railroad...... Owner is willing to entertain offers......
- Property TypeCommercial
- NeighborhoodN/A
- CountyOutside Of Florida
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site156 Days
- MLS StatusActive
- MLS ID NumberA11505934
- Home Size Source N/A
- Year Built2000
- Lot Size0.2 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Building Features Automobile Traffic
- Parking Common
- Number of Stories 11
- Water Public
- Security Smoke Detector(s)
- Property Sub Type Retail
Interior Features
- Heating Central Electric
- Flooring Concrete
Exterior Features
- Waterfront Property No
- Lot Central Business DistrictShopping Center
- Road Frontage State Road
Community Features
- Security Features Smoke Detector(s)
- Building Features Automobile Traffic