This Retail Property is no longer advertised on LoopNet.com.

527 N Riverside Dr
Espanola, NM 87532
Great Value on Espanola's Main Street · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Storefront
Building Size
13,750 SF
Building Class
C
Year Built
1980
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.24 AC
Zoning
B2 - General Commercial
Parking
51 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
235’ on New Mexico 76

About 527 N RIVERSIDE DR , ESPANOLA, NM 87532

Sale Price $750,000 Price/SF $68.02 Net Operating Income (as is) $68,000 Cap Rate 9.07% Property Highlights: • 94% occupied retail center • Upside potential by renewing leases with NNN and leasing ±6K SF storage • Located at signalized intersection • Good visibility with easy access • Adjacent to iconic El Paragua Restaurant, Italian Infusion, Santa Claran Hotel & Casino • Monument sign at corner • Ample parking • Owner financing available

Property Taxes

Property Taxes

Parcel Number
174650496
Land Assessment
$254,390
Improvements Assessment
$417,432
Total Assessment
$671,822
  • Listing ID: 17229707

  • Date on Market: 9/18/2019

  • Last Updated:

  • Address: 527 N Riverside Dr, Espanola, NM 87532

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