1945 Broadway Blvd Bloomfield, NM 87413
- Commercial real estate
- 1.78 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1945 Broadway Blvd
- Lot size
- 1.78 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity encompasses five strategically located parcels in the heart of Bloomfield, New Mexico, presenting a rare chance to acquire a diverse portfolio of established businesses within the Four Corners region. The offering includes a thriving truck wash, a de-mudding wash facility, two car washes, a substantial 108-unit mini-storage facility, a pre-existing manufactured home, and a large, versatile shop. Each parcel is individually addressed, with locations spanning 1600 W Broadway, 1945 W Broadway, 101 Ruth, 1019 W Broadway, and 912 N 1st. While each parcel is separately deeded, the sale is contingent upon the purchase of all five properties as a single package. This ensures the acquisition of a cohesive and synergistic business portfolio. Individual cap rates for each business range from a strong 5.7% to an impressive 10.88%, resulting in a combined cap rate of 6.18% for the entire portfolio. This presents a compelling investment opportunity with significant potential for growth and return. The 1.78-acre land holding provides ample space for future expansion or development. This is a turnkey operation ideal for an investor seeking a diversified, high-yield commercial real estate portfolio in a thriving market. The properties are sold as a package deal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- San Juan
- State
- New Mexico
- Longitude
- -108
- Latitude
- 36.7107
