Homes by Carolyn Fischman

2109-2121 San Mateo NE, Albuquerque, NM 87110 (MLS# 1056258)

2109-2121 San Mateo NE, Albuquerque, NM 87110

$1,295,000
Property Type: Commercial Sale Square Footage: 12,813 Lot Size (sq. ft.): 17,497 Status: Closed
Current Price: $1,295,000 List Date: 1/29/2024 Last Modified: 5/02/2024

Overview

Description

100% occupied strip retail center on very busy street, San Mateo just south of I-40. Long term tenants with upside in rents. Good condition. Parking lot, front facade and sign, and sign boxes redone in 2019. The front parking lots in this block of San Mateo are owned by the city and are old excess right of way. Ideal 1031 Exchange property. Seller Financing possible.

Listing Details MLS# 1056258

Status Change Info

Pending Date
2024-03-15
Closing Date
2024-05-01

Contract Information

List Price/SqFt
101.07

Location

Street #
2109-2121
Street Name
San Mateo
Post Direction
NE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87110
Directions
Head east on I-40, south on San Mateo, one block to San Mateo Mall.
MLS Area Major
40 - UNM
Zone Atlas
J17
Business Center
Yes
Freestanding
Yes

General Property Description

Property Sub-Type
Retail Building(s)
Living Area
12813
SqFt Source
Broker
Acres
0.4
Lot SqFt
17497
Apx Lot Dim Front
220
Apx Lot Dim Side
78
Lot Size Source
On-Line
Flood Zone
No Flood Map
Total # Stories
Yes
# Parking Spaces
45
Docks
No
Disability Access
Yes
HVAC
No
% Occupied
100
Transaction Type
Sale
# of Docks
0
Door Height
No

Income Expenses

Annual Gross Income
114000

Miscellaneous

Land Ownership
Land Owned
Financial Info
Yes

More Information

Sales Info

Seller Assist Ofrd
No
Trade/Xch Considered
Yes

Tax & Legal Info

UPC Code
101705851647812802,101705851101705851648648512823,
Short Legal Desc
LOT B1 PLAT OF LTS B1 & C1 BLK 9 RIDGE PARK ADDN,* A 9 RIDGE PARK ADDN CONT 0.195 ACRES, * 011 009RIDGE PARK
GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
7642

Construction Materials

Block
Yes
Frame
Yes
Stucco
Yes

Cooling

Evaporative Cooling
Yes

Heating

Natural Gas
Yes

Tenant Pays

Electric
Yes
Gas
Yes
Sewer
Yes
Water
Yes

Income & Expenses

Annual Oper Expenses
29730
Annual Insurance
3675
Annual Utilities
1800
Annual Bldg Maint
6407
Annual Mgmt Expense
5586
CAM $/SqFt
0
Lease Term/Months
1-2 years

Utilities

Cable Available
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Features

220 Power
Yes

Property Access

E Property Line
Yes
N Property Line
Yes
S Property Line
Yes
W Property Line
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Lease Information

Assumable/Assignable
Yes

Parking

On Site
Yes

Docs/Data Available

Survey
Yes

Finance Considered

Cash
Yes
Conventional
Yes
Owner Financing
Yes

Zoning

MX-L*
Yes

Property Features

Location: Business Center; Freestanding; Business Center; Freestanding Construction Materials: Block; Frame; Stucco Miscellaneous: Financial Info Property Access: E Property Line; N Property Line; S Property Line; W Property Line Road Frontage Type: City Street Road Surface Type: Asphalt Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Heating: Natural Gas Cooling: Evaporative Cooling Tenant Pays: Electric; Gas; Sewer; Water Features: 220 Power Lease Information: Assumable/Assignable Parking: On Site Finance Considered: Cash; Conventional; Owner Financing Zoning: MX-L*
Listing Office: Full Service Realty LLC
Last Updated: May - 02 - 2024
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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