TITLE:
27,000 sqft secure lot with 1500sqft Building in Moriarty, NM
CONTROL:
Exclusive
VALUE:
$287,000
LOAN:
$0
EQUITY:
$287,000
TYPE:
Retail/Commercial
HAVE:
1500sqft free standing metal building on large secure lot with metal and chain link fencing. High visibility on historic rt 66 and easy access just off the I-40 exit. C-2, heavy commercial, zoning.
WEBSITE URL:
ADDRESS:
817 US Route 66, Moriarty, New Mexico
BENEFITS TO NEW OWNER:
Creative seller
GROSS SCHEDULED INCOME:
$26,400 Projected
VACANCY LOSS:
$1,320
GROSS EFFECTIVE INCOME:
$25,080
EXPENSES:
$3,960
NOI:
$21,120
DEBT SERVICE:
$0
CASH FLOW:
$21,120
CAP RATE:
7.36%
BENEFITS SOUGHT:
Cash flow, developable residential land, residential property.
CAN ADD:
Residential lots on New Mexico(Santa Theresa), Tx(El Paso) boarder, cash, owner financing.
REMARKS:
This property has been an office for an engineering firm, a daycare, and most recently a cannabis grow. Seller is a NM licensed broker.
COUNSELOR:
Brandon Sanchez
The Sanchez Group
PO Box 1781
Moriarty, New Mexico, 87035
