Property summary
This exceptional 1.1-acre property in Logan, New Mexico, is ideally situated near Ute Lake State Park's main entrance. Currently operating as a thriving boat dealership, it boasts a 40x60 heated shop, perfect for year-round use. A detached office building includes a convenient kitchenette and restroom. Thirty individual boat storage units provide substantial rental income potential. Additional storage is available via an on-site container. The entire property, including the storage yard, office, and shop, is fully enclosed by a secure fence, locked gate, and security lighting. Built in 2022, this property is zoned residential/commercial, offering versatility for business operations or personal use. The combination of existing business operations and rental income from the storage units presents a unique investment opportunity. This property is equally attractive to entrepreneurs seeking a turnkey business or families desiring ample storage for recreational equipment and the potential for supplemental income. The location on the shores of Ute Lake adds significant appeal. Asking price is $520,000.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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