813 1St StGrants, NM 87020

Property Details for 813 1St St

Lot size

0.02 AC

Property size (Sq ft)

990 SF

Property type

Commercial real estate

APN

2055062242395

APU

2055062242395

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $150,239

  Hospitality

  $137,618

  Educational

  $114,497

  Medical

  $118,435

  Retail

  $178,106

Location Insight

City

Grants

County

Cibola

State

New Mexico

Latitude

35.1574

Longitude

-107.844

CBSA code

24380

CBSA name

GRANTS, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].