1197 Parkway Drive Pending Save Request In-Person Tour Request Virtual Tour
Santa Fe,NM 87507
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 202502344
HOA Y/N No
Year Built 1990
Annual Tax Amount $9,708
Tax Year 2025
Lot Size 0.870 Acres
Acres 0.87
Property Sub-Type Industrial
Property Description
NN Lease Investment Opportunity at a 7.25% cap rate. Leased to Performance Maintenance Incorporated (PMI), a regional cleaning and janitorial supply company with annual CPI rent increases. Metal industrial building in the Richard Avenue industrial park with finished office space and high bay warehouse featuring loading dock with dock leveler, covered loading bay, large warehouse space, dock door 10' X 10', on grade roll up door 12' H x 10' W, fenced paved storage area and paved parking with 27 spaces. Compressed air plumbing in place throughout, needs a compressor. Structure consists of steel beams with no center columns, pro-panel roof and siding, insulation batt interior in the warehouse, drywall interior with hung ceiling in the office, and concrete slab floor. Built circa 1990.
Inside clear height is 21'. Zoning is I-1 and allows for office, light industri l, storage, distribution, and more. Regulation of uses per Covenants and Restrictions of the Richards Avenue Business Park which prohibits residential, auto maintenance, junk yards, kennels, noxious, etc. Utilities include gas, 120/240V single phase electric and 480V three phase heavy power, city water, sewer. Warehouse HVAC: hanger heaters in the warehouse, no cooling. Warehouse office has cassette HVAC. Office HVAC: Ducted heating and air conditioning in the office.
Total area: 11,329sf±
Warehouse area: 8,744sf±
Main Office area: 2,118sf±
Second Floor Warehouse Office: 466sf±
Location
State NM
County Santa Fe
Zoning I-1
Interior
Fireplace No
Exterior
Parking Features Paved,Parking Available,Parking Lot
Utilities Available Electricity Available
Water Access Desc Public
Roof Type Metal
Present Use Industrial
Total Parking Spaces 27
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Tax ID 59216142
Acceptable Financing Cash,Conventional,New Loan
Listing Terms Cash,Conventional,New Loan
Special Listing Condition Standard