1101 Golf Course Road SE, Rio Rancho, NM 87124 (MLS# 1055264)

← Back to search

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: 1/10/2024

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

Listing Price: 2900000 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 Area: 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 Current Taxes: 15420.88 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: Frame Exterior Material: 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
Listing Office: Berkshire Hathaway NM Prop
Last Updated: January - 10 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.