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Listed by Regal Real Estate Experts
$799,000
Est. payment /mo
0.6 Acres Lot
Coming Soon
1400 S 2nd ST #Suite 3 Gallup, NM 87301
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 1113450
HOA Y/N No
Annual Tax Amount $6,549
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions Public Records
Property Sub-Type Retail
Property Description
**EXCEPTIONAL COMMERCIAL INVESTMENT OPPORTUNITY | 3 COMMERCIAL SPACES | NEWER ROOF | OWNER FINANCING AVAILABLE!**Discover the potential of **1400 S Second Street in Gallup, New Mexico!** Offered at **$799,000**, this versatile commercial property presents an outstanding opportunity for investors, entrepreneurs, and owner-users seeking a substantial commercial footprint with multiple potential income streams.The property features **three commercial spaces totaling approximately 26,600 square feet**, including an expansive main space of approximately 25,000 square feet and two additional commercial spaces of approximately 800 square feet each. This configuration provides flexibility for an owner-operated business, multiple tenants, or a combination of both.**CURRENTLY CONFIGURED AS AN INDOOR BASEBALL & SOFTBALL TRAINING FACILITY!** The expansive main space is currently configured with batting cages, making it suitable for indoor baseball and softball training, athletic development, and recreational activities. The property also features bar and kitchen areas, multiple restrooms, storage areas, and additional rooms that provide flexibility for various commercial uses. The two smaller commercial spaces offer opportunities for independent retail, service-oriented businesses, or potential supplemental rental income.**PROPERTY IMPROVEMENT -- NEWER ROOF!** An additional highlight is the property's newer roof, an attractive feature for prospective investors and owner-users evaluating the building's existing improvements and long-term ownership potential.**STRATEGIC LOCATION & INVESTMENT POTENTIAL:** Situated along S Second Street, the property is positioned within Gallup's regional commercial market, serving communities throughout northwestern New Mexico and neighboring Arizona. Gallup is an established regional hub for retail, healthcare, transportation, and commerce, with convenient access to Interstate 40.The property's substantial size and adaptable layout create possibilities for an indoor sports complex, batting cage facility, fitness center, entertainment venue, event center, retail showroom, restaurant concept, or multi-tenant commercial investment. Potential uses are subject to zoning and applicable approvals.**FLEXIBLE PURCHASE OPTIONS -- OWNER-TO-OWNER FINANCING AVAILABLE!****Cash or Conventional Financing: $799,000****Owner Financing: $899,000**- 20% Down Payment- 7.5% Interest Rate- 30-Year Amortization- 5-Year Balloon PaymentSeller financing is subject to seller approval and mutually acceptable terms.Whether you're looking to expand an existing business, establish a flagship recreational facility, or acquire a commercial property with multiple potential revenue streams, this opportunity offers exceptional flexibility in one of western New Mexico's established regional commercial markets.**IMPORTANT DISCLOSURE:** Certain listing images are AI-generated conceptual renderings for marketing and visualization purposes only. Renderings may depict improvements, vehicles, people, lighting, landscaping, or other features that do not reflect actual property conditions. All square footage figures are approximate and subject to verification. Buyer to independently verify square footage, zoning, permitted uses, property condition, utilities, roof age and condition, existing improvements, and suitability for intended use. Zoning is Heavy Commercial (HC)**Schedule your private showing today and explore the possibilities at 1400 S Second Street!**
Location
State NM
County Mckinley
Area 530 - Mckinley
Interior
Heating Multiple Heating Units, Natural Gas
Fireplace No
Exterior
Exterior Feature Columns
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Accessibility Wheelchair Access
Total Parking Spaces 54
Others
Tax ID 350312105087475309
Security Features Security Lights
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Nearby Locations
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