Bank Owned Retail Center for Sale

Retail-Commercial for Sale
Catylist Listing ID: 29927697
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 11,247 SF
Gross Land Area: 1.26 Acres
Sale Price: $154,900
Unit Price: $13.77 PSF
Property Use Type: Investment
Building Name: Tierra Del Sol Shopping Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/16/2018

Overview / Comments

Property Specifications
Location: 480 Rio Communities Blvd, Rio Communities, (Belen) NM 87002
Cross Streets: Rio communities Blvd Just south of Highway 309
Property type: Multi-tenant Retail shopping Center, some office uses and one restaurant
Current Use / History: Bank owned
Sale Price: $240,000.00 Appraisal As August 2016
Price Per SF: $21.34 /SF
# of Buildings: Three / Single story
Total Building SF: 11,003 SF GBA
Site - Land size: 1.26 acres 54,886 SF
Parking: 60 asphalt- paved parking spaces
Zoning: C-2 for community commercial uses
Occupancy: 21% occupied
Lease Rates: Below Market
Building Description: The buildings are frame stucco construction, built -up tar and gravel roofs
Good visibility on Rio Communities BLVD

Additional Details

Nearest MSA: Albuquerque
County: Valencia
Taxing Authority: Valencia County
Tax ID/APN: 100902752028700000
Retail Clientele: General, Business
Property Located Between: Rio Communities Blvd & Goodman Ave.
Property Visibility: Excellent
Largest Nearby Street: Rio Communities Blvd.
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Fair
Roof Type: Flat
Heat Type: Natural Gas
Air Conditioning: Evaporative Cooler
Water Service: Municipal
Legal Description: Tract "E" as such tract is shown and so designated on the plat showing lands of Ron Gentry, Valencia County, NM, said plat filed for record in the office of the Valencia County Clerk on April 19, 1988, in Plat cabinet E, page 267

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,814 13,556 19,436
Median Age: 47.91 41.13 40.66
Households: 1,232 5,399 7,573
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