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1001 San Mateo Boulevard SE

Albuquerque, NM 87108
  • $400,000
  • STATUS: Active
  • ON SITE: 435 Days
  • MLS #: 1007361
UPDATED: 74 min ago
$400,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

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.

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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 The Team | Realty Executives Advantage. Data last updated: 2023-03-30T00:05:15.423.
www.trtnm.com/homes/124849030
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1001 San Mateo Boulevard SE Albuquerque, NM 87108

  • Price: $400,000
  • Status: Active
  • On Site: 435 Days
  • Updated: 74 min ago
  • MLS #: 1007361
0
Beds
0
Baths
0
½ Baths
0.19
Acres
Neighborhood:
42 - UNM South
County:
Bernalillo
Area:
42 - UNM South
Property 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.
Exterior Features

Construction Materials BlockStucco Parking Features On Site Parking Total 6 Stories Total 1

Interior Features

Cooling Evaporative Cooling2 Units Cooling YN Yes Heating Multiple Heating UnitsNatural Gas Heating YN Yes

Property Features

Building Area Total 4168 Disclosures Ranm 2100 Disclosure Green Energy Efficient Construction Gross Income 45848 Land Lease YN No Leasable Area 50 Lease Considered YN No Lease Term 6 Months Listing Agreement Exclusive Right To Sell Listing Terms CashConventional Operating Expense 13650 Property Sub Type Retail Tax Annual Amount 2320.3 Tenant Pays None Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-L*

Southwest MLS] logo Listing courtesy of R & R Real Estate Partners Llc: (505) 225-3570. © 2023 Southwest Multiple Listing Service, Inc.


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 The Team | Realty Executives Advantage. Data last updated: 2023-03-30T00:05:15.423.
 
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2440 Lousiana Blvd
Albuquerque NM, 87110