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$ 259,000
Est. payment | /mo
4,250 SqFt
$ 259,000
Est. payment | /mo
4,250 SqFt
Key Details
Property Type Commercial
Sub Type COMMERCIAL/OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,250 sqft
Price per Sqft $60
MLS Listing ID 171261
Year Built 1970
Annual Tax Amount $3,075
Lot Size 7,492 Sqft
Property Sub-Type COMMERCIAL/OTHER
Property Description
PRIME COMMERCIAL OPPORTUNITY WITH INCOME POTENTIAL! Ideally located in a high-visibility area near Lowe's Grocery Store, this versatile commercial property offers three separate office/retail spaces with established rental income and endless possibilities for an owner-user or investor. 702 Tenth St. features approximately 2,250 square feet and is currently leased for $1,300 per month through November 30, 2026. This space includes two bathrooms, recent remodeling updates, carpeted flooring, and a refreshed interior that provides a professional and welcoming environment. 706 Tenth St. is currently occupied by the long-standing hair salon, Cesar's, and has been a stable tenant for many years. The space is currently leased for $425 per month, a discounted rental rate, offering potential for increased income in the future. The unit includes one bathroom and provides a functional layout suitable for a variety of business uses. 710 Tenth St. offers approximately 1,320 square feet and is currently leased for $900 per month. This space includes two bathrooms and has been updated with remodeling improvements, giving it a clean, modern appearance. The building boasts an open floor plan that can accommodate a wide range of business ventures. Additional storage areas at the rear of the building provide the opportunity to create a break room, kitchenette, or expanded workspace. With three separate entrances, the property offers excellent flexibility, allowing an owner to occupy one space while continuing to generate rental income from the others. Ample off-street parking, excellent storefront exposure, and a central location make this an outstanding investment opportunity. Whether you're looking to expand your business or add a strong income-producing property to your portfolio, this commercial building offers flexibility, visibility, and built-in cash flow. Don't miss this exceptional opportunity!
Location
State NM
Area 07 States S Of 8Th
Zoning BUSINESS,COMMERCIAL,RESTRICT.COVENN,BUSINESS 2
Interior
Heating GAS FORCED AIR, OTHER HEAT
Cooling EVAP. CENTRAL, OTHER COOL
Exterior
Exterior Feature OTHER
Utilities Available PUBLIC SEWER, PUBLIC ELECTRIC, PUBLIC WATER
Listed by RE/MAX of Alamogordo, Ltd
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