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Multi Stream Income Property

855 W Picacho Ave Las Cruces, NM 88005

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Overview

Exceptional turn-key multi stream investment property. Excellent cash flow history. Features mixed use light industrial, warehouse/shop, vehicle lot, mini storage, street frontage business, a 12x12 office building and a 1,428 sf 2004 Schultz manufactured home on a permanent foundation( 2x6 frame, sun room, fenced , metal porch 3br, 2 bath) that can be used as a rental or onsite living. Located near Parks, recreational facilities and a bustling redevelopment district, this property is a fantastic opportunity. This property is completely fenced and cross fenced, well maintained income producer.

For Sale

Industrial

Secondary Uses: Warehouse/Distribution

Sale Price
$495,000
Cap Rate
9%
Building Size
2,992 SF
Acres
0.74 ac
Zoning
C-2
Gross Income
$69,000
Net Operating Income
$45,044
Total Expenses
$17,056
Tenant
Multi
Building Name
Mesilla Valley Shops and Storage
Number of Buildings
2
Floors
1
Year Built
1970
Year Renovated
2003
Construction Type
Framed
Nearest MSA
Las Cruces
Property Use Type
Investment
Property Status
Existing
Average Occupancy Rate
90%
In Opportunity Zone
Yes
Drive-In Number
15
Lighting
LED
Power
3 Phase
Water Provider
City - City
County
Dona Ana
Created
2020-02-21
Updated
2024-09-06
Listing ID
52adc6d8

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