Description
This mixed-use property, located off of US Route 66, is available for purchase with owner financing at a 3% interest rate and 30% down payment. Currently NNN leased at $60,000 gross annual income. At the asking price of $815,000, the capitalization rate is 7.36% and the target IRR is 25.79% after 6 years. Previously used as an auto repair shop and car sales lot with three sub-addresses. The building features three 10-ft bay doors, as well as adjacent storage, office, and retail space. It is zoned for a variety of uses. Recent renovations include a newer metal roof, updated heating and air conditioning systems, a newer water heater, increased electric panel capacity, and washer/dryer hookups. It also offers convenient access with a daily traffic count of about 22,000 cars for the property.
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0BEDS
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0.64ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This mixed-use property, located off of US Route 66, is available for purchase with owner financing at a 3% interest rate and 30% down payment. Currently NNN leased at $60,000 gross annual income. At the asking price of $815,000, the capitalization rate is 7.36% and the target IRR is 25.79% after 6 years. Previously used as an auto repair shop and car sales lot with three sub-addresses. The building features three 10-ft bay doors, as well as adjacent storage, office, and retail space. It is zoned for a variety of uses. Recent renovations include a newer metal roof, updated heating and air conditioning systems, a newer water heater, increased electric panel capacity, and washer/dryer hookups. It also offers convenient access with a daily traffic count of about 22,000 cars for the property.
IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2023-03-29T05:03:45.837.
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Listing courtesy of Keller Williams Realty: (505) 897-1100. © 2023 Southwest Multiple Listing Service, Inc.