For Sale
$721,000

1617 Silver Heights BlvdSilver City, NM 88061

High-Yield Retail Center in Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully occupied 12-unit retail shopping plaza in Silver City, New Mexico. Located at the high-traffic intersection of Hwy 180 and Hwy 90, this property boasts unparalleled visibility and consistent demand. Built in 1950, the Pinon Plaza sits on a substantial 42,383 square foot lot and offers a diverse portfolio of tenants, generating a robust and immediate income stream. The asking price is $721,000, representing a compelling 9.5% capitalization rate, indicating significant growth potential. Impeccably maintained, this property offers a secure investment with a proven track record of success. The strategic location and high visibility ensure sustained tenant occupancy and a steady flow of customers. This is an ideal opportunity for investors seeking a strong return on investment in a thriving New Mexico market. The property's address is 1617 Silver Heights Boulevard, Silver City, NM 88061, Grant County. This fully occupied retail center presents a rare chance to acquire a stable, high-performing asset with substantial upside potential.

Highlights

  • Fully occupied 12-unit retail shopping plaza in Silver City, NM.
  • High-traffic location at Hwy 180 & Hwy 90 intersection.
  • 42,383 sq ft lot, built in 1950.
  • $721,000 asking price, 9.5% capitalization rate.
  • Impeccably maintained with diverse tenant portfolio generating strong income.

Property Details for 1617 Silver Heights Blvd

Property type
Retail properties
Year Built
1950

Location Insight

City
Silver City
County
Grant
State
New Mexico
Latitude
32.7822869
Longitude
-108.2729239
1617 Silver Heights Blvd, Silver City, New Mexico

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1617 Silver Heights Blvd
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