1743 Grand Ave - Office FOR SALE


Las Vegas, NM 87701
$625,000 USD
505-388-0310
1743 Grand Ave, Las Vegas, NM for Sale
$625,000 USD
Office - FOR SALE
1/9
null | 7.24% Cap Rate

1743 Grand Ave
Las Vegas, NM 87701


HIGHLIGHTS

  • Long-term tenants in place
  • Prime location on North Grand Avenue
  • New HVAC system installed in August 2023
  • New carpet and interior paint completed in November 2022
  • Shared parking lot with 22 spaces
  • Fully enclosed with a fence for added security

OVERVIEW

This exceptional investment property offers two modular office buildings with solid, long-term tenants in place, making it a reliable and lucrative opportunity. Situated on a ¾-acre lot in a prime location on North Grand Avenue, the property features approximately 5,000 square feet of leasable space with modern upgrades throughout. Building 1743 Grand Ave includes 1,680 square feet, leased through November 2026, with a new HVAC system installed in August 2023, new carpet and interior paint completed in November 2022. Building 1747 Grand Ave offers 3,360 square feet, leased through February 2027, with a new HVAC system scheduled for installation in June 2024, new carpet installed in March 2021, and fresh interior paint completed in February 2024. Designed with architectural plans in 2009, both buildings are modular, fully electric, and ADA-compliant. The property also includes a shared parking lot with 22 spaces and is fully enclosed with a fence for added security. Located next to the Recreation Center and directly across from City Hall, this property is in a highly desirable area. Offered at an attractive CAP rate, this is a fantastic opportunity to secure a long-term, income-producing asset. Contact us today for more information or to schedule a private tour!

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Medical, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

C3

APN/PARCEL ID

662987

ASK ABOUT THIS PROPERTY

Leland TitusSanta Fe Realty UnlimitedMore Info
505-388-0310

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Leland TitusSanta Fe Realty UnlimitedMore Info
505-388-0310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.