1101 Golf Course Road SE, Rio Rancho, NM 87124
$2,900,000
Property Type:
Commercial Sale
Square Footage:
15,689
Lot Size (sq. ft.):
39,204
Status:
Active
Current Price:
$2,900,000
List Date:
1/10/2024
Last Modified:
5/25/2024
Description
OWNER OCCUPY WITH OWNER FINANCING AND HAVE THE CURRENT INCOME PAY FOR THE DEBT » 15,689 SF » Land Area: .9014 acres » Zoning: NC - Neighborhood Commercial » Great Frontage on Golf Course » Less than a mile away from Golf Course & Southern » Monument Sign » Admirable Landscaping » Value Add Play » Possible Owner Occupant Play » Owner Financing Available - This property has a Two Story 15,689 SF Medical Grade Office building that sits on .9014 of paved & landscaped acres with 48 parking spaces to maneuver a great amount of traffic. The property is located less than a mile south from Golf Course & Southern intersection that has 26,174 VPD, with direct frontage on Golf Course which itself has 12,317 VPD. The building consists of 6 Suites, 4 of which are leased, bringing in $154,800 yearly in
Supplements: gross rental income. The property boasts a unique value add possibility of leasing out the last vacant suite or being able to owner occupy the last vacant suite. The building was built to medical grade standards and comes equipped with 3 phase power, sprinklers, an elevator, a sizable monument sign. This property is zoned NC for Neighborhood Commercial which allows for businesses pertaining to the day-to-day needs of the residential population, such as Medical Complexes, Nursery schools, Retail Shops/ Stores, & Banks. *Owner is open to owner financing with $1,300,000 down*
More Information MLS# 1055264
Contract Information
List Price: $2,900,000
Current Price: $2,900,000
List Price/SqFt: 184.84
Status: Active
Location
Street #: 1101
Street Name: Golf Course
St Suffix: Road
Post Direction: SE
County: Sandoval
City/Town Code: Rio Rancho
State/Province: NM
Zip Code: 87124
Zip +4: 4731
Directions: Going North on Golf Course, right before getting to Southern, Turn west on 11th Ave, Arrive at 1101 Golf Course
Geo Lat: 35.238748
Geo Lon: -106.677549
MLS Area Major: 140 - Rio Rancho South
Zone Atlas: 44
General Property Description
Property Sub-Type: Office Building(s)
Apx Structured SqFt: 15689
SqFt Source: Professional
Acres: 0.9
Lot SqFt: 39204
Apx Lot Dim Front: 199
Apx Lot Dim Side: 150
Lot Size Source: Survey
Flood Zone: X
Total # Stories: 2
# Parking Spaces: 48
Docks: No
Disability Access: Yes
HVAC: Yes
% Occupied: 67
Transaction Type: Sale
Tax & Legal Info
UPC Code: R041071
Short Legal Desc: LEGAL: SUBD: RIO RANCHO ESTATES BLOCK: CC LOT: 7A1 UNIT: 16 PLAT 2716-A FORM LOT 6 7A 8A 9A
GRT Code: 29-524
Tax Exemption: Unknown
Income & Expenses
Annual Oper Expenses: 30200
Annual Gross Income: 154800
Lease Term/Months: Multiple
Miscellaneous
Land Ownership: Land Owned
Sales Info
Trade/Xch Considered: No
Property Features
Location: Business Center; Corner Lot; Suburban; Business Center; Corner Lot; Suburban
Construction Materials: Frame; Stucco
Property Access: E Property Line; N Property Line
Road Frontage Type: City Street
Road Surface Type: Paved
Utilities: Electricity Connected; Sewer Connected; Water Connected
Heating: Heat/Cool Combo (G)
Cooling: Refrigerated
Tenant Pays: Electric; Sewer; Water
Features: Elevator; Private Restrooms; Sprinkler System; Storage
Lease Information: Escalation Clause
Parking: Onsite
Docs/Data Available: Existing Leases; Survey
Finance Considered: Cash; Conventional; Owner Financing
Zoning: NR
Documents
Listing Office: Berkshire Hathaway NM Prop
Last Updated: May - 25 - 2024
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