12830 Central Se Avenue, Albuquerque, NM 87123

Property Description

This mixed-use property, located off of US Route 66, is available for purchase with owner financing at a 3% interest rate and 30% down payment. Currently NNN leased at $60,000 gross annual income. At the asking price of $815,000, the capitalization rate is 7.36% and the target IRR is 25.79% after 6 years. Previously used as an auto repair shop and car sales lot with three sub-addresses. The building features three 10-ft bay doors, as well as adjacent storage, office, and retail space. It is zoned for a variety of uses. Recent renovations include a newer metal roof, updated heating and air conditioning systems, a newer water heater, increased electric panel capacity, and washer/dryer hookups. It also offers convenient access with a daily traffic count of about 22,000 cars for the property.