For Sale
$280,000

813 1St St Grants, NM 87020

High-Yield Retail Investment, 10,418 SF

Overview

Added:
Dec 11, 2024
Days on market:
137
This 10,418-square-foot retail storefront in Grants, New Mexico, presents a compelling owner-user investment opportunity. Currently boasting 100% occupancy, the property generates a strong net operating income (NOI) of $22,338, translating to a 7.98% capitalization rate at an asking price of $280,000 ($26.88 per square foot). Three of the four tenants are secured by multi-year leases, providing excellent stability. While one suite operates on a month-to-month lease, it's a long-term tenant. Recent improvements include new exterior LED lighting and an upgraded pylon sign. The property also benefits from significant 2022 city upgrades to the surrounding infrastructure, including new sidewalks, repaved roads, updated plumbing and drainage, and modern LED streetlights along 1st Street, the town's main thoroughfare. This presents a value-add potential for a savvy investor seeking a strong return in a revitalized area. The property is located at 813 1st St, Grants, NM 87020.

Highlights

  • $280,000 Asking Price
  • 10,418 Square Foot Retail Storefront
  • 7.98% Cap Rate with $22,338 NOI
  • 100% Occupancy, Owner/User Opportunity
  • Located at 813 1st St, Grants, NM 87020

Property Details for 813 1St St

Property type
Retail properties, Retail space
Square Feet
10,418 SF
Buildings
1

Location Insight

City
Grants
County
Cibola
State
New Mexico
Latitude
35.157270286073
Longitude
-107.84405359125

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment, 10,418 SF
Where is the retail property located?
The property is located at 813 1St St Grants, NM.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: $280,000 Asking Price; 10,418 Square Foot Retail Storefront; 7.98% Cap Rate with $22,338 NOI
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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813 1St St
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