Property summary
This exceptional investment opportunity presents a 2,674 square foot, single-tenant office building located at 1535 Sumner Ave, Fort Sumner, New Mexico, 88119. The property, situated on a 0.39-acre lot (APN 115301502208600), boasts a prime location at the southeast corner of Highway 60 and 17th Street. Built in 2016 and extensively renovated in 2023, this well-maintained building offers a strong 9.00% cap rate and a substantial net operating income (NOI) of $68,124. The asking price is $756,938, translating to $283.07 per square foot. Currently 100% occupied by the USDA under a lease extending through 2033, this property provides exceptional stability and predictable cash flow. The building is a one-story structure with C-1 zoning, making it suitable for a variety of uses. Its location on a major arterial road ensures high visibility and accessibility. Further enhancing its value, the property is HUB Zone certified. This is a rare chance to acquire a secure, high-return investment in a stable, single-tenant office building with a long-term lease in place. The property's recent renovations ensure modern amenities and functionality, minimizing future capital expenditures. This investment offers a compelling combination of strong income, secure tenancy, and a desirable location.
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5 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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