• Asking Price $690,720
  • 608 Winifred Street Bayard, NM 88023

  • 3,991 SqFt
  • Other / Resale (MLS)

Property Details for 608 Winifred Street, Bayard, NM 88023

Features

  • Price/sqft: $173

Facts

  • Year Built: 01/01/1960
  • Property ID: 920680107
  • MLS Number: 40508
  • Property Type: Other
  • County: GRANT
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Located on a high visibility corner at intersection of Hwy 180E and Hwy 356 this commercial building currently functions as a medical clinic supporting Bayard and surrounding mining district communities. The building was remodeled in 2011 from a bank building to medical offices and clinic spaces. There are more than 30 paved parking spaces including ADA designated spaces. A 23 KW photovoltaic inter-tie grid solar system was installed in 2017. Triple net lease expires in 12/31/2033. Tenant pays taxes, insurance, utilities and non-structural repairs. Annual rent income for 2024 (NOI) is $51,804. Rent escalation clause is 2.5%. Future annual rent projection for 2033 is $64,696.

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Property Brokerage: Century 21 Hacienda Realty 217 N. Bullard Silver City NM 88061
Copyright © 2024 Silver City Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.