Medical Clinic on Highway
1380 E Highway 180, Silver City, NM 88061
Commercial building functioning as a medical clinic with long-term tenant.
Type:Special Purpose
Property size:
3,900 SFPrice / SF:
$250/SF- Added:
- Aug 8, 2024
- Days on Market:
- 664
- Last Refresh:
- May 12 at 9:56 pm
Property Features for 1380 E Highway 180
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2000
Listing agent Cecilia Mcnicoll License #NM
Listing office CENTURY 21 Hacienda Realty
Listing date Aug 8, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Hacienda Realty
HighLights
- Long‑term tenant lease in place until 12/31/2033, providing stable income.
- Current annual net operating income (NOI) of $93,072.
- Rent escalation clause of 2.5% resulting in projected annual rental income of $116,234 in 2033.
- Tenant is responsible for all taxes, insurance, and non‑structural repairs under a triple net lease.
- Prime central location on the corner of Hwy 180 E & Hilltop Rd, serving Silver City and surrounding communities.
- Equipped with a 14 KW photovoltaic inter‑tie grid solar system installed in 2017.
Overview
This commercial building, constructed in 2000, is centrally located on the corner of Highway 180 E and Hilltop Rd and currently functions as a medical clinic supporting Silver City and surrounding communities. The property features more than 25 paved parking spaces, including ADA designated spaces. A 14 KW photovoltaic inter-tie grid solar system was installed in 2017. The tenant's triple net lease expires on 12/31/2033, with the tenant responsible for all taxes, insurance, and non-structural repairs. The annual rent income (NOI) for 2024 is $93,072, with a 2.5% rent escalation clause. The annual rental income projection for 2033 is $116,234. The property size is 3,900 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Town & Country Veterinary Clinic — 2035 Memory Ln, Silver City, NM 88061
- Gila Animal Clinic — 2435 US-180, Silver City, NM 88061
- Brown Daryl K DVM — 2035 Memory Ln, Silver City, NM 88061
- Gila Animal Clinic: Heite William C DVM — 2435 US-180, Silver City, NM 88061
- Town & Country Veterinary Clinic: Warren Kelly DVM — 2035 Memory Ln, Silver City, NM 88061
Location Insight
- Map
- Local Demand
- City
- Silver City
- County
- Grant
- State
- New Mexico
- Longitude
- -108.265177
- Latitude
- 32.783317
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Commercial building functioning as a medical clinic with long-term tenant.
Where is this medical office space located?
The property is located at 1380 E Highway 180 Silver City, NM.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Long‑term tenant lease in place until 12/31/2033, providing stable income.; Current annual net operating income (NOI) of $93,072.; Rent escalation clause of 2.5% resulting in projected annual rental income of $116,234 in 2033.
