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31345511
31345510

2000 Calle De Parian, Mesilla, NM 88046

GO
NM 11039
Steinborn Commercial Real Estate
Listed by Steinborn Commercial Real Estate
$900,000
72 days on market
Updated 7 days ago

2000 Calle De Parian

Details
APN R0400355
Property Type Retail
Sub Type Storefront
Square Footage 4,600
Units 5
Cap Rate 7.78%
NOI $70,000
Occupancy 90%
Price per SqFt $196
Class B
Year Built 1946
Year Renovated 2025
Buildings 1
Stories 2
Zoning H-C
Investment Type Stabilized
Sale Condition For sale by owner

Retail | 7.78% CAP | 4,600 SqFt

Marketing description

It is a very rare circumstance to see property on the Mesilla Plaza offered for sale, especially in such a high profile location that has a unique history. It is in effect at one of main entry points to the entire Mesilla Plaza and directly across the street from the La Posta main entrance. Signage opportunities are excellent and so is the flexibility you will have as a retail operator and beyond.

The facility above all else is a great investment opportunity or an opportunity for an owner operator to diversify their building income. The facility has a diversified tenant mix in place with two primary lower floor retail tenants, 4 upper floor offices, and an existing unit currently offered for VRBO purposes that can also be utilized as an additional office. The current gross income potential for all suites approaches $100,000 annually. An adjacent sole and separate facility is available for sale adjacent to this location that currently generates $44,000 plus in gross income with future increases built in to the lease for the current tenant. The Tenant within this location is also willing to renew under a long term lease arrangement.

Retail Concepts & Beyond cannot be any more unique than the opportunity to locate your business on the Mesilla Plaza. The rich history and culture make it the number one destination in the Las Cruces/Mesilla area for both locals and visitors alike. Concepts within the plaza include but are not limited to:

  • Award winning eateries and restaurants

  • Art Galleries

  • Museums

  • Gift Shops

  • Weekly Farmers Market Synergy

  • Routine Entertainment Events

  • Unique Clothing Stores

  • Unique Jewelry Stores

  • And Numerous other Unique Retail Concepts

Main stream office concepts also do very well in this area related to financial services, unique non-profits, travel agencies, and beyond. This plaza is simply tough to beat on so many levels and so is the property overall and its location. Give us a call to discuss.

Listing Contacts

GO
NM 11039
Steinborn Commercial Real Estate
Listed by Steinborn Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$70,000.00
$5,833.33/mo

Valuation Metrics

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DSCR
7.78%
Cap Rate
7.78%
ROI

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