Meghan Foote - Commercial Real Estate Showcase

Meghan Foote Property Listings
RE/MAX First Place Realtors, Inc.
817 E Llano Estacado
Clovis, NM 88101
(575) 935-9925
(575) 763-7465

611 W 22nd Street

Portales, NM 88130

Property Type:Specialty Sub Type:Self-Storage Status:Existing Year Built:-
Stories:1 Typical Floor:3,300 SF Building Size:3,300 SF
For Sale Price:$165,000 Price/SF:$50.00
Cap Rate:2.50 %

Sale Notes:
34 10x10 storage units currently renting for $30/month and 1 10x20 unit renting for $35/month. Total potential monthly income of $1055. The building is neither heated nor cooled, so overhead is minimal. The 5 acres of currently vacant land are being used in conjunction with the storage business, but seller would consider separating the land from the storage facility so it could be subdivided.
Seller would consider any offer including, but not limited to, subdividing to to build single family or multifamily dwellings, Lease option at seller's discretion
Full irrigation/water rights included. Optional zoning- Annexable to the city. It is on city sewer and county water, but could be tapped into city water.

RE/MAX First Place Realtors, Inc.
Meghan Foote
(575) 935-9925

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