2418 Southern Blvd SE
2418 Southern Blvd SE, Rio Rancho, NM 87124
Owner-User or Investment Retail
This value-add retail strip in the heart of the ever expanding city of Rio Rancho presents a unique opportunity. You can owner occupy the vacancy and run your business while having your mortgage eliminated by the rental income. You can also fill up the vacancy and potentially develop the back portion of the land and create a stabilized investment. The cherry on top is the owner will consider owner financing for the right terms.
Suite Breakdown:
Suite A 1,407 SF MDK Barber Shop 8/1/22-7/31/24 $1,250/MO plus NNN
Suite B 1,350 SF Davidos Pizza 6/1/23-5/31/24,6/1/24-5/31/25 $1,394.60 NNN
Suite C 1,427 Vacant (AVAILABLE FOR LEASE)
Suite D&E 3,421 SF Karate Studio month to month $2,550/MO (AVAILABLE FOR LEASE)
Property Highlights:
Unit Mix: The property features a total of five individual suites, each offering unique opportunities for income generation and diversification.
Development Potential: The substantial lot size allows for potential expansion or redevelopment at the rear of the property, catering to various possibilities, including storage facilities or additional retail spaces.
Monument Signage: Capitalizing on the high visibility of Southern Blvd, the property is equipped with prominent monument signage, attracting attention from the approximately 30,000 vehicles per day (VPD) that pass by.
Location: Nestled in a high-traffic area with excellent frontage along Southern Blvd, this property benefits from its proximity to a diverse range of retail, dining, and residential areas, making it a coveted destination for businesses and consumers alike.
Key features
- 6905 SF
- Land 0.96 acres
- 5 Units
- Owner-Financing Possible under proper terms
- Great Opportunity to Owner Occupy and have the Rent Pay your Note!
- 30,000 VPD Southern and 25th St
Building Details
- For Sale $170.94/SF
- Property Type Retail
- Property Size 7,605 SF
- Lot Size 0.96 Acre
- Additional Rent Price on request
- # of Floors 1
- Property Tenancy Multi-Tenant
- Year Built 1988
- Date Updated Jan 23, 2025
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Berkshire Hathaway NM Commercial Real Estate
Berkshire Hathaway NM Commercial Real Estate
Location
- City Rio Rancho, NM
- Neighborhood Cabezon
- Zip Code 87124
- Market Albuquerque
-
Walk score 74/100 Very Walkable -
Bike score 61/100 Bikeable
Points of Interest
Sandia Pueblo
5.47 miles
Los Ranchos/Journal Center
5.96 miles
Montaño
7.84 miles
Downtown Bernalillo
9.00 miles
Sandoval County/US 550
9.84 miles
Speedway
0.31 miles
Alon
1.46 miles
Murphy Express
1.65 miles
Smith's Fuel Center
1.76 miles
Valero
1.99 miles
Smith's
2.57 miles
Sam's Club
2.81 miles
ChargePoint
9.79 miles
Marcadas Canyon Trailhead
3.63 miles
Upper Car Park
4.61 miles
Rio Rancho Bosque Preserve South Parking
5.79 miles
President's Compound
6.20 miles
Visitor Parking
6.36 miles
Bosque Parking Lot
6.45 miles
Visitors Parking
6.53 miles
Bosque School Main Parking Lot
6.66 miles
Bosque School Visitor Parking
6.72 miles
Bosque School Middle School Parking Lot
6.74 miles
El Paisano Market Carniceria
0.46 miles
Southern Plaza
0.48 miles
Walmart Supercenter
0.73 miles
Albertsons
0.96 miles
Walmart Neighborhood Market
1.62 miles
Natural Grocers
1.73 miles
Smith's
1.80 miles
Target
2.16 miles
Kohl's
2.82 miles
Sprouts Farmers Market
3.38 miles
Listing Summary
-
Property Financials 2418 Southern Blvd SE is currently listed for sale at $170.94/SF.
-
Property Details 2418 Southern Blvd SE totals 7,605 square feet of Retail space across 1 floor on a lot spanning 0.96 acres. The property was initially built in 1988.
Tenancy at 2418 Southern Blvd SE is listed as Multi-Tenant.
-
Area Characteristics 2418 Southern Blvd SE is located in the Cabezon neighborhood.
There is 1 other retail property listed for sale in the neighborhood. In terms of ease of commuting, the area has a walk score of 74, indicating that it is very walkable.
