608 Winifred St Bayard, NM 88023
- Specialty properties
Current Use by Public Records
- Silver Health CARE - Bayard Office / Medical Clinic
- Silver Health CARE - Silver City Health Care Clinic - Bayard / Urgent Care Center
- Laura Davenport-Reed / Internist / Pediatrician
Property Details for 608 Winifred St
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional commercial property, located at 608 Winifred Street in Bayard, New Mexico, presents a compelling investment opportunity. Situated on a highly visible corner at the intersection of Hwy 180E and Hwy 356, this building currently operates as a thriving medical clinic serving Bayard and the surrounding mining communities. Originally a bank building, it underwent a complete remodel in 2011 to accommodate its current medical office and clinic configuration. The property boasts ample parking with over 30 paved spaces, including ADA-compliant spots. Energy efficiency is enhanced by a 23 KW photovoltaic inter-tie grid solar system installed in 2017. The property benefits from a triple net lease, expiring December 31, 2033, with the tenant responsible for taxes, insurance, utilities, and non-structural repairs. The current annual net operating income (NOI) for 2024 is $51,804, with a built-in rent escalation clause of 2.5% annually. This translates to a projected annual rent of $64,696 by 2033. The property's prime location, strong tenant occupancy, and built-in rent increases make this a stable and potentially lucrative investment. The zip code is 88023. The property is classified as Special Purpose Land.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bayard
- County
- Grant
- State
- New Mexico
- Longitude
- -108.138
- Latitude
- 32.7578
