1600 32Nd St Silver City, NM 88061
- Office buildings
- 11,282 SF
- 1.36 lot acres
Current Use by Public Records
- Colicia M. Meyerowitz, MD / Internist
- Dr. Alison K. Gomez, MD / Doctor
- Dr. John A. Flores, MD / Internist / Pain Management Physician
- Bell John O MD / Internist
- MUSKULA P. KUMAR, MD / Internist
Property Details for 1600 32Nd St
- Year built
- 1985
- Construction
- FRAME
- Lot size
- 1.36 lot acres
- Property size
- 11,282 SF
- Property type
- Office buildings
- APN
- 3-080-101-150-515
- APU
- 3080101150515
Description
Exceptional investment opportunity in Silver City, New Mexico's medical district. This property, situated at the corner of Highway 15 and 32nd Street, is a well-established medical clinic/urgent care center serving Silver City and the surrounding communities. Built in 1985, the main building boasts over 25 rooms and 9 bathrooms, providing ample space for various medical uses. The property includes extensive parking with 12 covered spaces, 35 open spaces, and ADA-designated parking. A significant advantage is the 95 kW photovoltaic inter-tie grid solar system installed in 2017, contributing to energy efficiency and cost savings. In addition to the main building, there's a 2,000 square foot auxiliary building currently used as an IT/training/meeting facility, and a separate 1,200 square foot metal storage unit. The property benefits from a triple net lease with the current tenant, expiring December 31, 2033. The tenant is responsible for all taxes, insurance, and non-structural repairs. The net operating income (NOI) for 2024 is projected at $307,920, with a 2.5% annual rent escalation clause, leading to a projected NOI of $384,550 by 2033. This property presents a strong and stable income stream with significant long-term growth potential. Asking price is $4,105,600.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Silver City
- County
- Grant
- State
- New Mexico
- Longitude
- -108.257
- Latitude
- 32.7944
- CBSA code
- 43500
- CBSA name
- SILVER CITY, NM MICROPOLITAN STATISTICAL AREA
