Property Description

This exceptional investment property offers two modular office buildings with solid, long-term tenants in place, making it a reliable and lucrative opportunity. Situated on a ¾-acre lot in a prime location on North Grand Avenue, the property features approximately 5,000 square feet of leasable space with modern upgrades throughout. Building 1743 Grand Ave includes 1,680 square feet, leased through November 2026, with a new HVAC system installed in August 2023, new carpet and interior paint completed in November 2022. Building 1747 Grand Ave offers 3,360 square feet, leased through February 2027, with a new HVAC system scheduled for installation in June 2024, new carpet installed in March 2021, and fresh interior paint completed in February 2024. Designed with architectural plans in 2009, both buildings are modular, fully electric, and ADA-compliant. The property also includes a shared parking lot with 22 spaces and is fully enclosed with a fence for added security. Located next to the Recreation Center and directly across from City Hall, this property is in a highly desirable area. Offered at an attractive CAP rate, this is a fantastic opportunity to secure a long-term, income-producing asset. Contact us today for more information or to schedule a private tour!

Features
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Address Map
NM
San Miguel
Las Vegas
87701
1743 and 1747 N Grand Ave
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W106° 47' 20.9''
N35° 36' 31.8''
Additional Information
Santa Fe Realty Unlimited
Leland Titus
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5,040 Sqft
12
12
28-san Miguel Cnty
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Cash,Conventional
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1-095-094-348-046
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: Electricity Available

Commercial Sale

1743 and 1747 N Grand Ave, Las Vegas, San Miguel, New Mexico, United States 87701

32,670 Sqft
Visits : 42 in 17 days
$625,000
Listing ID #202500300
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 202500300
Price : $625,000
Year Built : 2009
Acres : 0.75 Acre
Lot Area : 32,670 Sqft
Status : Active
Property Sub Type : Industrial
Inquiries