Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    219-223 Main St Belen, NM 87002

    For Sale
    $600,000

    Historic Main Street, high-traffic location.

    Property size:
    8,650 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This iconic Belen, New Mexico property, located at 219-223 N Main Street, presents a unique investment opportunity. The 8,650 square foot mixed-use building sits on a 0.25-acre lot in the heart of Belen's bustling Main Street corridor, benefiting from high vehicular traffic counts. The property boasts excellent visibility and ample parking both in front and behind the building. The existing structures have undergone restoration, showcasing attractive features such as tall ceilings and versatile spaces suitable for multiple uses. Currently, the property generates income through existing leases. The property's prime location and historic character make it ideal for a variety of uses, from retail and office spaces to restaurants and other commercial ventures. Furthermore, the property is also well-suited for redevelopment, offering significant potential for future expansion or repurposing. The asking price for this exceptional investment opportunity is $600,000. Detailed information regarding the existing leases and redevelopment possibilities is available upon request. This is a rare chance to acquire a significant piece of Belen's vibrant commercial landscape.

    Property Features for 219-223 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,650 SF
    Lot Size
    10,890 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.7768
    Latitude
    34.66214

    Nearby Similar for Sale

    • $265,000
      1.80 Acres

      Belen Commercial Opportunity For Sale

      4,596 sqft building on 1.8 acres, high visibility location.
      921 E River Rd, Belen, NM 87002
      View Details
    • $515,000
      0.70 Acres

      Restaurant Opportunity in Belen, NM

      Former Lota Burger building, now a thriving local restaurant.
      19388 Highway 314, Belen, NM 87002
      View Details
    • Contact for pricing
      1.00 Acre

      Land with Scenic Views

      One-acre land parcel in Belen, New Mexico, with beautiful views.
      Rio Grande Est, Belen, NM 87002
      View Details
    • $4,400,000
      9,462 SF

      Renovated Gas Station & Restaurant

      Newly renovated gas station and restaurant with high traffic location.
      51 I-25 Byp Rd, Belen, NM
      View Details
    • $1,675,000
      15,610 SF

      Retail Strip Mall Investment Opportunity

      Retail strip mall on Belen's Main Street. 100% occupied.
      613 N Main St, Belen, NM 87002
      View Details
    • $795,000
      14,745 SF

      Established Car Dealership on Corner

      Well-established car dealership ideal for auto sales and repairs.
      800 E River Rd, Belen, NM 87002
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Historic Main Street, high-traffic location.
    Where is this mixed-use property located?
    The property is located at 219-223 Main St Belen, NM.
    What is the asking price?
    The asking price for this property is $600,000.
    (505) 828-1000
    Request Owner's contact information
    219-223 Main St Belen, NM 87002
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    219-223 Main St
    Belen, NM 87002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    219-223 Main St Belen, NM 87002
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.