2109-2121 San Mateo NE, Albuquerque, NM 87110
$1,295,000
Property Type:
Commercial Sale
Square Footage:
12,813
Lot Size (sq. ft.):
17,497
Status:
Pending
Current Price:
$1,295,000
List Date:
1/29/2024
Last Modified:
3/17/2024
Description
100% occupied strip retail center on very busy street, San Mateo just south of I-40. Long term tenants with upside in rents. Good condition. Parking lot, front facade and sign, and sign boxes redone in 2019.
The front parking lots in this block of San Mateo are owned by the city and are old excess right of way.
Ideal 1031 Exchange property. Seller Financing possible.
More Information MLS# 1056258
Status Change Info
Pending Date: 2024-03-15
Contract Information
Listing Price: 1295000
Current Price: $1,295,000
List Price/SqFt: 101.07
Status: Pending
Location
Street #: 2109-2121
Street Name: San Mateo
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87110
Directions: Head east on I-40, south on San Mateo, one block to San Mateo Mall.
Geo Lat: 35.100497
Geo Lon: -106.586838
Area: 40 - UNM
Zone Atlas: J17
General Property Description
Property Sub-Type: Retail Building(s)
Apx Structured SqFt: 12813
SqFt Source: Broker
Acres: 0.4
Lot SqFt: 17497
Apx Lot Dim Front: 220
Apx Lot Dim Side: 78
Lot Size Source: On-Line
Flood Zone: No Flood Map
Total # Stories: 1
# Parking Spaces: 45
Docks: No
Disability Access: Yes
HVAC: No
% Occupied: 100
Transaction Type: Sale
Tax & Legal Info
UPC Code: 101705851647812802,101705851101705851648648512823,
Short Legal Desc: LOT B1 PLAT OF LTS B1 & C1 BLK 9 RIDGE PARK ADDN,* A 9 RIDGE PARK ADDN CONT 0.195 ACRES, * 011 009RIDGE PARK
GRT Code: 02-100
Current Taxes: 7642
Tax Exemption: No
Income & Expenses
Annual Oper Expenses: 29730
Annual Gross Income: 114000
Annual Insurance: 3675
Annual Utilities: 1800
Annual Bldg Maint: 6407
Annual Mgmt Expense: 5586
Lease Term/Months: 1-2 years
Miscellaneous
Land Ownership: Land Owned
Sales Info
Seller Assist Ofrd: No
Trade/Xch Considered: Yes
Property Features
Location: Business Center; Freestanding; Business Center; Freestanding
Miscellaneous: Financial Info
Construction: Block; Frame
Exterior Material: Stucco
Property Access: E Property Line; N Property Line; S Property Line; W Property Line
Road Frontage Type: City Street
Road Surface Type: Asphalt
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Natural Gas
Cooling: Evaporative Cooling
Tenant Pays: Electric; Gas; Sewer; Water
Features: 220 Power
Lease Information: Assumable/Assignable
Parking: Onsite
Docs/Data Available: Survey
Finance Considered: Cash; Conventional; Owner Financing
Zoning: MX-L*
Listing Office: Full Service Realty LLC
Last Updated: March - 17 - 2024
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