1600 E 32nd St, Silver City, NM
Others for Sale - $3,849,000
Agent Info
Cecilia McNicoll CENTURY 21 Hacienda Realty |
Property Info
CIMLS# | 1164023 |
Location 1600 E 32nd St Silver City NM 88061 | |
Updated | April 8th, 2025 |
Type | Others |
Price | $3,849,000 |
Property Description
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, 35open 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) is $307,920. Rent escalation clause is 2.5%. Annual rent projection for 2033 is $384,550.