4723 Highway 314

Description

Commercial investment and owner-user opportunity located along NM-314 in Los Lunas! The entire property is offered for sale at $750,000, with two commercial suites also available for lease at $12.00 per square foot annually! The property features one shopping strip center and a 2,281 SF mobile home in the back that's leased out on a completely separate lot. The house and retail space are completely leased out except 2 units, including one that's been freshly updated with fresh paint and new flooring. The building has undergone many large renovations including a newer roof, new commercial septic, new driveway, and much more!This location is a very pivotal part of the Los Lunas community with a great sense of grass routes community and history. The tenants in place offer much under-served resources the growing town is needing!The 2,281 SF mobile home is located at the rear of the property on a separate lot, creating additional rental income. Currently rented out at $1,240/m. The Tenant is able to access the property from the rear entrance. This is a clean property and the tenant has done a great job at keeping it clean. Tenant has been long term. The property's flexible layout makes it suitable for an owner-user, investor, or multi-tenant operation.Along an established commercial corridor, the property offers convenient access and visibility for a variety of retail, office, service, fitness, educational, or similar commercial uses.Don't miss out on the growth coming to this area!Unit A: Mary's KitchenUnit B: Ricky's BakeryUnit C: Ricky's Pizza ParlorUnit D: VacantUnit E: Vacant