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3871 Corrales Road
Corrales, NM 87048
Asking Price
$1.20M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 1.55 acres <ul><li>Extremely rare commercial land opportunity in the Village of Corrales</li><li>One of the very few commercially zoned properties available along Corrales Road</li><li>Highly visible frontage on Corrales Rd, the main north-south corridor through the village</li><li>Limited commercial inventory in Corrales creates a unique investment and development opportunity</li><li>Ideal for boutique retail, restaurant, café, professional office, gallery, or specialty service business</li><li>Surr
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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657