2101 Canal StCarlsbad, NM 88220

For Sale
$7,900,000

Thriving retail center, 94,000+ sq ft, 100% occupied.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a fully leased, 94,276 square foot shopping center ideally located in Carlsbad, New Mexico, a dynamic oil and gas region. The property enjoys a prime position on over 7.2 acres with significant frontage (380+ feet) along the heavily trafficked US Highway 285 and 62/180, a dominant retail corridor. The center benefits from a strong tenant mix, anchored by two national credit tenants: Sutherland's Lumber and Dollar General. The property's diverse tenant base includes approximately 6,500 square feet of office and training facilities, complementing the predominantly retail space. This translates to a low cost per square foot investment of $90. The current 100% occupancy rate ensures a stable and predictable income stream, making this a compelling investment for discerning buyers seeking a high-performing commercial property in a robust market. The long-term historical occupancy of BS Properties, LLC further underscores the property's enduring appeal and stability. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving community. Detailed financial information and lease agreements are available upon request.

Property Details for 2101 Canal St

Property type
Other commercial real estate
Square Feet
94,276 SF
Year Built
2001

Location Insight

City
Carlsbad
County
Eddy
State
New Mexico
Latitude
32.39854
Longitude
-104.2241
2101 Canal St, Carlsbad, New Mexico

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2101 Canal St
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