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Multi Units Value Add Belen Bypass W/room to expand more units + C1 Frontage

4 Gregory Eiler Dr Belen, NM 87002

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Overview

Townhome/Commercial development Located just 1 mile from the North I-25 Belen Exit. There are 3 structures on this 2.82 Acre property (Presently 12,392 sq-ft of existing rentable space) with room to expand. This well-built metal roof and brick exterior C-1 Zoned property has high-capacity commercial sewer lines in place in anticipation of further expansion. The southernmost structure has 4 large units with a Total of 9070 sq-ft (~2267 sq-ft ea.). Separately metered for electric and gas. The centrally located structure has 2 existing units with a total of 1843 sq-ft (One complete unit with 1100 sq-ft. The second unit has 743 sq-ft and is approx. 75% complete. Once complete this would be a 7th unit). Additionally, this structure has a 2655 sq-ft metal roof shell in place which was intended to be enclosed to develop 4 more units (this would be 11 units once completed). The Northern structure has a Residential/Commercial 2222 sq-ft building with + 756 sq-ft garage. Townhomes and the Home are on commercial well. Per Fema= NOT in a flood zone! Townhomes may be subdivided and sold for additional potential profit. THINK POTENTIAL. These Units are Large, with Expansive Hallways. This site would be IDEAL for a Group Home or a Elder Care Facility.. and.. These units have LARGE enclosed but accessible back yards. Develop more Townhomes or sub divide and go Commercial on the Northern end abutting the By-pass.

For Sale

Multifamily

Secondary Uses: Senior Living

Sale Price
$2,300,000
Building Size
12,392 SF
Acres
2.89 ac
Property Use Type
Investment
County
Valencia
Created
2022-05-05
Updated
2024-01-30
Listing ID
c85543c4

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