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    209 Main St Artesia, NM 88210

    For Sale
    $1,200,000

    Historic Artesia B&B with Commercial Leases

    Property size:
    10,188 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional property at 209 W Main Street, Artesia, NM, presents a rare investment opportunity. The 10,188 square foot building sits on a 0.16-acre lot in the heart of downtown Artesia and boasts an eleven-room bed and breakfast, beautifully decorated with local history in mind. The inn includes a fully equipped kitchen, laundry facilities, inviting common areas, and a single ADA-compliant guest room, ensuring accessibility for all. Adding to its income potential are three versatile commercial spaces. One space is currently fully leased to Century 21, providing immediate rental income. A second, larger space offers an industrial-chic aesthetic with exposed brick walls, ideal for a variety of businesses requiring customization. A third, smaller office space is also available. Shared restrooms conveniently serve the commercial tenants. Further enhancing the property's appeal are a spacious garage for storage, and a charming balcony patio with additional exterior storage. Priced at $1,200,000, this property offers a unique blend of hospitality and commercial real estate, perfect for investors seeking a turnkey operation with significant income potential and a piece of Artesia's rich history. The prime location and diverse income streams make this a truly exceptional offering.

    Property Features for 209 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,188 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1904
    Property Profile Location Intelligence

    Current Use by Public Records

    Heritage Inn Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.3992
    Latitude
    32.84191

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Artesia B&B with Commercial Leases
    Where is this commercial real estate located?
    The property is located at 209 Main St Artesia, NM.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (575) 736-0021
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    209 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
    209 Main St Artesia, NM 88210
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