Current Use by Public Records
- Commercial real estate
Property Details for 1019 Broadway Blvd
- Lot size
- 0.98 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity encompasses five distinct, income-generating properties strategically located in the heart of Bloomfield, New Mexico, within the Four Corners region. The portfolio includes a thriving truck wash, a specialized de-mudding wash facility, two car washes, a substantial 108-unit mini-storage facility, a manufactured home, and a large shop. This rare offering presents a unique chance to acquire a diverse and established business portfolio in a single transaction. Each parcel is individually addressed, with locations including 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. The properties sit on a combined 0.98 acres of land. Individual cap rates for each business vary, ranging from a strong 5.7% to an impressive 10.88%. The overall cap rate for the entire portfolio is calculated at 6.18%, offering a compelling return on investment. This is a turnkey opportunity for an investor seeking immediate cash flow and significant long-term growth potential in a dynamic market. The properties are being sold as a package deal, providing a consolidated and streamlined acquisition process. This is a rare chance to own a diverse and established business portfolio in a prime location. The asking price for the entire portfolio is $230,000.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- San Juan
- State
- New Mexico
- Longitude
- -107.991
- Latitude
- 36.7112
