1120 Pierce St Carlsbad, NM 88220

Property Details for 1120 Pierce St

Year built

1970

Lot size

0.18 lot acres

Property size

6,640 SF

Property type

Commercial real estate

Description

This exceptional commercial property, located at 1110 & 1120 Pierce Street in Carlsbad, New Mexico, presents a lucrative investment opportunity. The property encompasses a substantial 6,640 square feet on a sizable 0.18-acre corner lot, offering excellent visibility and accessibility. The main building boasts a current five-year lease with four years remaining, ensuring immediate rental income. This building includes a convenient 4+ carport spaces, a 3вЃ„4 bathroom, and a functional kitchen area. The front section features a 1вЃ„2 bathroom, a dedicated office, and a spacious room adaptable to various uses. A significant asset is the expansive shop building, equipped with three large overhead doors and two single lift doors, providing ample access for various equipment and vehicles. The shop also includes 220-volt outlets and a loft area ideal for additional storage. The entire property is fully fenced, enhancing security and privacy. This property is priced at $850,000 and offers a compelling combination of rental income and potential for future development or expansion. The property's prime location and versatile layout make it an attractive investment for discerning buyers seeking a strong return on investment.