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    702 Main St Artesia, NM 88210

    For Sale
    $365,000

    Prime Artesia location, two office suites.

    Property size:
    2,520 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, located at 702 W Main Street in Artesia, New Mexico, presents a unique investment opportunity. The 2,520 square foot building sits on a 0.32-acre lot and offers significant flexibility for a variety of business uses. The property is divided into two distinct sections, each with its own advantages. The front portion, boasting prominent storefront windows facing Main Street, comprises up to six private offices and two bathrooms, ideal for client interaction and a professional atmosphere. This section benefits from high visibility and excellent street access. The rear section provides additional privacy with two separate entrances and includes up to three private offices and one bathroom. This layout offers the potential for separate tenancies or internal expansion depending on business needs. The building's versatile design allows for customization to suit a range of professional services, retail operations, or other commercial ventures. The asking price for this well-located and adaptable commercial space is $365,000. This represents a compelling opportunity to acquire a substantial property in a thriving Artesia business district. The property's size and layout offer significant potential for growth and return on investment.

    Property Features for 702 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,520 SF
    Lot Size
    13,939 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Brannan Financial Group Religious Organization

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.405
    Latitude
    32.84238

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Artesia location, two office suites.
    Where is this commercial real estate located?
    The property is located at 702 Main St Artesia, NM.
    What is the asking price?
    The asking price for this property is $365,000.
    (575) 736-0021
    Request Owner's contact information
    702 Main St Artesia, NM 88210
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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
    702 Main St Artesia, NM 88210
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