Riverside Plaza

Retail-Commercial for Sale
Catylist Listing ID: 28522912
Property Subtypes: Retail-Pad
Building Size (RSF): 15,275 SF
Gross Building Area: 15,291 SF
Sale Price: $2,200,000
Unit Price: $144.03 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/6/2018

Overview / Comments

Riverside Plaza is a four tenant Retail and Office Strip Center in central Espanola, just 25 miles north of Santa Fe. The center is composed of a single building (1/4 of which is located at lower level or walk-out basement level). This neighborhood shopping center serves a large and diverse trade area and has high visibility and excellent traffic counts (35,757). All Retail Space fronts on Riverside Drive (Espanola’s Main Street). Existing Tenants include: PetSense & Aaron’s (upper level); Espanola Family Chiropractic & DMV Xpress (lower level). Existing area retailers include: Walmart; Lowes Home Improvement; Lowes Super Market: Wells Fargo Bank; Bank of America; Chili’s; McDonald’s; Arby’s; KFC; Subway & Burger King.

CAP RATE: 8% - 100% Leased!!

NOI = $174,827

Additional Details

Nearest MSA: Espanola
County: Rio Arriba
Road Type: Paved
Property Visibility: Excellent
Traffic/Vehicle Count: 35,757
Tenancy: Multiple Tenants

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,071 15,887 18,665
Median Age: 37.65 37.77 37.51
Households: 2,048 6,301 7,306
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.