405 E Florida St - Medical FOR SALE


Deming, NM 88030
$499,000 USD
575-571-1075
405 E Florida St, Deming, NM for Sale
$499,000 USD
Medical - FOR SALE
1/21
null | 8.29% Cap Rate

405 E Florida St
Deming, NM 88030


HIGHLIGHTS

  • Stabel Government Tenant
  • Value Add Opportunity ByLeasing Vacant Space
  • Ideal for Investor, or Owner-Occupant With Additional Income
  • Covered Parking
  • Central Location
  • New HVAC

OVERVIEW

This office building offers an opportunity for an investor to acquire a property with a strong government lease in place and additional vacant space to maximize cash flow. The building consists of three suites and totals 5,168 SF. Currently, 3,849 is leased, while 1,176 SF is vacant. The vacant space presents an excellent opportunity to be leased, improving cash flow. The building is in good condition and offers covered parking, easy access to local amenities, and is located in a highly accessible area of Deming.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

8.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

USDA Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

Neighborhood Commercial

APN/PARCEL ID

3051138036522

ASK ABOUT THIS PROPERTY

Jeremiah LaySteinborn TCN Commercial Real EstateMore Info
575-571-1075

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Jeremiah LaySteinborn TCN Commercial Real EstateMore Info
575-571-1075

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