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    823 Santa Fe Ave Grants, NM 87020

    For Sale
    $88,500

    Route 66 location, 2206 sq ft, endless potential.

    Property size:
    2,206 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property, situated at 823 Santa Fe Avenue in Grants, New Mexico, presents a unique investment opportunity. Boasting a prominent location directly on Route 66, this 2,206 square foot building offers high visibility and excellent accessibility. The property sits on a 0.2-acre lot, providing ample space for potential expansion or outdoor uses. Historically operated as a laundromat, the building's versatile layout and substantial square footage lend themselves to a wide range of commercial ventures. The interior is ready for customization to suit the needs of a new business. The property's prime location on a major thoroughfare ensures high traffic volume, providing significant exposure for any enterprise. This is an ideal opportunity for entrepreneurs seeking a well-positioned space to establish or expand their business within a thriving community. The asking price of $88,500 makes this a compelling investment prospect. Serious inquiries are encouraged to explore the full potential of this remarkable property. Don't miss this chance to capitalize on the vibrant energy of Route 66 and the growing Grants market.

    Property Features for 823 Santa Fe Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,206 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grants
    County
    Cibola
    State
    New Mexico
    Longitude
    -107.8415
    Latitude
    35.14602

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    FAQs

    What type of property is this?
    Commercial real estate - Route 66 location, 2206 sq ft, endless potential.
    Where is this commercial real estate located?
    The property is located at 823 Santa Fe Ave Grants, NM.
    What is the asking price?
    The asking price for this property is $88,500.
    (505) 287-3500
    Request Owner's contact information
    823 Santa Fe Ave Grants, NM 87020
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    Grants, NM 87020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    823 Santa Fe Ave Grants, NM 87020
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