306 Mentmore Rd Gallup, NM 87301
- Retail properties
- 2,600 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 306 Mentmore Rd
- Year built
- 1980
- Lot size
- 1.00 lot acres
- Property size
- 2,600 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property, located at 306 Mentmore Rd in Gallup, New Mexico, presents a unique investment opportunity. The 2,600 square foot building sits on a one-acre lot, offering versatile commercial zoning possibilities. Currently vacant with an occupancy date of July 31, 2024, this property allows for immediate customization to suit a variety of business needs. The permitted mixed-use zoning allows for diverse applications, from multi-family dwellings to restaurants, hotels, car washes, or medical facilities. Built in 1980, the single-story building includes a 30 x 24 foot garage at the rear, adding further utility and potential. The property features a fenced lot, providing security and privacy. The asking price is $275,000, translating to $105.77 per square foot. The land value alone is assessed at $50,000 per square foot. The property's APN is R652075. This is a for-sale-by-owner opportunity. Don't miss this chance to acquire a versatile commercial property in a desirable Gallup location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gallup
- County
- McKinley
- State
- New Mexico
- Longitude
- -108.842
- Latitude
- 35.5083
