3524 W Highway 60, Quemado, NM 87829 (MLS# 937094)

3524 W Highway 60, Quemado, NM 87829

$1,200,000

Property Type: Commercial Sale Square Footage: 3,200 Lot Size (sq. ft.): 24,500 Status: Closed

Current Price: $1,200,000 List Date: 2/01/2019 Last Modified: 12/04/2020

Overview

Description

This is a very well managed gas station and convenience store with a tremendous upside. Property sits on 6 lots in Quemado, the fuel tanks are above-ground. On average there are 300 customers visiting this station per day. Seller also operates a full liquor license and will sell including the liquor license for $1.7M (12.4% CAP based on 2019 Net Operating Income). Store inventory and gasoline in the above-ground tanks sell by separate Bill of Sale.

Listing Details MLS# 937094

Status Change Info

Pending Date: 2020-10-14
Closing Date: 2020-12-03

Contract Information

List Price/SqFt: 375

Location

Street #: 3524
Street Name: W Highway 60
County: Catron
City/Town Code: Quemado
State/Province: NM
Zip Code: 87829
Directions: The Rito Quemado Gas Station and Convenience Store is in the middle of town on the N side of Hwy 60
MLS Area Major: 370 - Catron
Zone Atlas: NOZA
Downtown: Yes
Freestanding: Yes
Pad: Yes
Rural: Yes

General Property Description

Property Sub-Type: Other
Living Area: 3200
SqFt Source: Broker
Acres: 0.56
Lot SqFt: 24500
Apx Lot Dim Front: 150
Apx Lot Dim Side: 140
Lot Size Source: Survey
Total # Stories: Yes
# Parking Spaces: 20
Docks: No
Door Height: n.a.
Disability Access: Yes
HVAC: Yes
% Occupied: 100
Transaction Type: Business Included
# of Docks: 0

Income Expenses

Annual Gross Income: 401670

Miscellaneous

Land Ownership: Land Owned
Financial Info: Yes

More Information

Sales Info

Trade/Xch Considered: No

Tax & Legal Info

UPC Code: not available
Short Legal Desc: Property # 2 093 006 102 418 1 Original Quemado Block 6 Lot 1,2,3,4,5,6,7 Store Here Plat B-700 3455 Hwy 60
GRT Code: 28-028
Tax Exemption: No
Tax Annual Amount: 2780

Construction Materials

Frame: Yes
Metal Siding: Yes

Cooling

Heat/Cooling Combination: Yes

Heating

Heat/Cool Combo (G): Yes

Income & Expenses

Annual Oper Expenses: 183232
Lease Term/Months: none

Utilities

All City: Yes
LP Propane: Yes
Underground Utilities: Yes

Property Access

S Property Line: Yes

Lease Information

Call List Office: Yes

Parking

Guest Parking: Yes
On Site: Yes

Docs/Data Available

Deed: Yes
Development Plans: Yes
Disclosure Statement: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Zoning

C-1: Yes

Property Features

Location: Downtown; Freestanding; Pad; Rural; Downtown; Freestanding; Pad; Rural Construction Materials: Frame; Metal Siding Miscellaneous: Financial Info Property Access: S Property Line Utilities: All City; LP Propane; Underground Utilities Heating: Heat/Cool Combo (G) Cooling: Heat/Cooling Combination Lease Information: Call List Office Parking: Guest Parking; On Site Finance Considered: Cash; Conventional Zoning: C-1

Listing Office: Ranch Pros Real Estate

Last Updated: December - 04 - 2020

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