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31348136
31348143

2905 N Prince St, Clovis, NM 88101 For Sale

JL
NM REC-2024-0071
Berkshire Hathaway New Mexico Commercial Division
CF
NM 51587
Berkshire Hathaway New Mexico Commercial Division
Listed by Berkshire Hathaway New Mexico Commercial Division
$565,000
113 days on market
Updated 24 days ago

2905 N Prince St #D

Details
APN 1212012019307
Property Type Retail
Sub Type Shopping Center
Square Footage 11,600
Cap Rate 8.00%
NOI $48,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $49
Class B
Acreage 0.110
Zoning CG
Parking Spaces 10 spaces
Parking per 1,000 SqFt 0.86
Ground Lease No

8% CAP RATE RETAIL INVESTMENT | NNN TENANT PRIME FRONTAGE Edit View

Marketing description

Positioned along North Prince Street, one of Clovis’ primary commercial corridors, this ±1600 SF investment property offers an 8% cap rate with stable in-place income from an existing tenant paying $4000 per month plus NNN through August 31, 2029. The property benefits from excellent frontage near North Prince Street and East Manana Boulevard with approximately 17,939 vehicles per day and is located within two miles of NM Highway 60, a key regional connector serving eastern New Mexico’s agricultural and logistics economy anchored by Cannon Air Force Base and the broader Clovis trade area. Situated on ±0.11 acres zoned CG – Commercial General, the building features water, sewer, and electricity, ingress/egress from the west property line, and approximately 10 parking spaces, with interior improvements including a reception area, open retail space, manager’s office, inventory room, and two restrooms, all supported by a 5-mile population of 38,018, average household income of $70,020, and 16,487 daytime employees.

Investment highlights

  • 8% Cap Rate Investment Opportunity
  • $4,000/Month + NNN Lease in Place Through 8/31/2029
  • Prime Frontage on North Prince Street – Major Commercial Corridor
  • Proximity to Cannon Air Force Base & Clovis Retail Corridor
  • Near North Prince St & East Manana Blvd | ±17,939 Vehicles Per Day
  • Within 2 Miles of NM Highway 60 – Regional East/West Connector
  • ±4,000 SF Retail / Commercial Building (Buyer to Verify)
  • 0.11 Acres | Zoned CG – Commercial General
  • Strong Trade Area Demographics:
    • 38,018 Population | 5-Mile Radius
    • $70,020 Average Household Income
    • 16,487 Daytime Employees
  • Water, Sewer & Electricity Piped In
  • Ingress/Egress from West Property Line
  • 10 On-Site Parking Spaces
  • Functional Interior Layout:
    • Reception Area
    • Open Retail / Showroom Space
    • Manager’s Office
    • Inventory / Storage Room
    • Two Restrooms
  • Ideal for Investors Seeking Stable Income in Eastern New Mexico Market

Listing Contacts

JL
NM REC-2024-0071
Berkshire Hathaway New Mexico Commercial Division
CF
NM 51587
Berkshire Hathaway New Mexico Commercial Division
Listed by Berkshire Hathaway New Mexico Commercial Division

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,000.00
$4,000.00/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Jacob Lopez
License
REC-2024-0071
Brokerage
Berkshire Hathaway NM Commercial Real Estate
Title
Qualifying Broker
Name
Christian File
License
51587
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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