19388 Hwy 314 Belen, NM ^$ 525,000

19388 Hwy 314

^$ 525,000

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19388 Hwy 314

Belen, NM, 87002

^$ 525,000

Studio Baths0.0 Sq 2,780

Monthly Estimate*

^$ 3,489

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Studio

Commercial Property for sale in Belen, NM

for $525,000. This 2,780 square foot building was built on a lot size of 0.7.

Great investment opportunity. This fully leased restaurant building is occupied by a successful and popular local restaurant. Business is not for sale, but tenant has intentions to stay. Please do not disturb tenant.

Commercial Active

Price

^$ 525,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,200

Style

Business

Lot Size

0.7

Town/City

Belen

County/Region

Valencia

MLS | Web ID

1059095

Features

General

Heating NaturalGas

Cooling EvaporativeCooling

Utilities ElectricityConnected NaturalGasConnected SewerConnected

Construction Materials Frame Stucco

Electric Item220Volts

Tenant Pays CommonAreaMaintenance ExteriorMaintenance Insurance Taxes

Property SubType Business

Gross Income 36000.0

Business Type Restaurant

Accessibility WheelchairAccess

County Valencia

Operating Expense 18000.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Active

Directions Hwy 314 Just north of Belen.

City Belen

Disclosures RANM2100Disclosure

View Y/N N

Senior Community Y/N N

Zoning Description C-1

MLS Area 741 - Belen

Lot Size Square Feet 30492.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Hwy 314

Listing Terms Cash Conventional OwnerMayCarry

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 3200.0

Home Warranty Y/N N

Ok to Lease Item12Months

Lease Renewal Y/N N

Additional Parcels Y/N N

Leasable Area 100.0

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 67

Standard Status Active

Property Sub Type Additional Business

Exterior

Parking Features OnSite

Total Parking 40.0

Spa N

Building Area Total 2780.0

Lot Size Acres 0.7

Road Surface Type Asphalt

Lot Size Source PublicRecords

Road Frontage Type StateRoad

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Electric On Property Y/N Y

* Excluded Features

List By

Alonzo Baldonado

Listing Agent

Re/Max Gallery

Broker

zobaldonado@gmail.com

Affordability Calculator

$3,756

Per Month

Monthly Principal & Interest: $3,489
Monthly Property Taxes: $267
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Belen, NM

Average List Price ^$555,880

Percent of Sale Price 6%

About Belen, NM

7,022 Population

-5% Since 2002

^$33,573 Median Income

39.04 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

537023 Elementary School

537125 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/21/2024	$525,000	-4.55%	Price Down
3/19/2024	$550,000		Listed Price

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19388 Hwy 314, Belen, NM, 87002 is a Commercial Property for sale at $525,000 with 2,780 sqft and a lot size of 0.7. 19388 Hwy 314 is a studio with 0.0 baths. The property's zip code is 87002 which is in Belen, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/7/2024.

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19388 Hwy 314

Commercial Property for sale in Belen, NM

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