Investment Opportunity
813-817 N 1st St
Grants, NM 87020
Overview
Investment Opportunity in Grants, NM, with Value Add Potential. One vacancy is open, perfect for a User/Owner opportunity. Three of the four Tenants are on multi-year leases, while the smallest suite is on a Month-to-Month lease but has been a long-time tenant. Some recent improvements include installing exterior LED lamps and improving the pylon sign. This property has also benefited from recent Citywide improvements in 2022 that include: new sidewalks, repaved asphalt, updated plumbing/drainage, and new LED street lamps that light up 1st Street, the main thoroughfare in town.
Good User/Owner Opportunity
Value Add Opportunity
Recently Updated
Seller Financing is available
For Sale
Sale Price: $280,000
Price Per SF: $26.9/SF
Investment: Yes
Gross Income: $27,600
Net Operating Income: $19,043.69
Total Expenses: $8,556
Building Size: 10,418 SF
Acres: 0.55 ac
Number Of Buildings: 1
Floors: 1
Construction Type: Framed
Parking Spaces: 28
Tax ID Number: R18951
Property Use Type: Business
Property Status: Existing
Average Occupancy Rate: 80
Lot Width: 50 ft
Lot Depth: 142 ft
County: Cibola
Created: 2023-05-02
Updated: 2024-04-17
Listing ID: 7252f335
