Remarks

PRICE REDUCED! Great commercial investment property located within Silver City’s medical district on the corner of Hwy 15 and 32nd Street. This commercial building currently functions as a medical clinic/Urgent Care Center supporting Silver City and surrounding communities. Constructed in 1985 as medical offices and clinic spaces there are more than 25 rooms and 9 bathrooms. There are 12 covered, 35 open and ADA designated paved parking spaces. A 95 KW photovoltaic inter-tie grid solar system was installed in 2017. A 2,000 sf auxiliary building functions as an IT/training/meeting facility, plus there is a separate 1,200 sf metal storage unit. Tenant triple net lease expires in 12/31/2033. Tenant pays all taxes, insurance, and non-structural repairs. Annual rent income for 2024 (NOI) was $307,920. Rent escalation clause is 2.5%. Annual rent projection for 2033 is $384,550. Commercial listings MLS 40510, 40508, 40514 also available.

Details

MLS#: 40512
Price: $3,849,000

Style: Commercial
Sq Ft: 16000
Year Built: 1985

County: Grant
Subdivision: Unsub Silver City
Lot Size: 242 FT X 215 FT