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    704 Richey Ave Artesia, NM 88210

    For Sale
    $700,000

    Established Business, Turnkey Operation

    Property size:
    4,044 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional opportunity presents a fully operational meat packing plant in Artesia, New Mexico, ideally situated on a 2.26-acre lot. The 4,044 square foot facility is a well-established business with a strong community presence, having thrived under multiple owners. Included in the sale is a comprehensive suite of meat processing equipment, ensuring a seamless transition for the new owner. This equipment encompasses a meat saw, meat grinders, tenderizers, a slicer, and a dedicated smoker room. Efficient meat storage is provided by two large freezers. The facility also features an indoor hanging weight scale, a hydraulic lift for carcass handling, and an external livestock scale complete with holding pens. A convenient laundry area, equipped with a washer and dryer, caters to the specific needs of the business, facilitating the cleaning of meat jackets and aprons. The front office area underwent a recent remodel approximately four years ago, offering a modern and functional workspace. This turnkey operation allows for immediate commencement of business activities. Please note that a yellow truck and a singlewide mobile home located on the property are not included in the sale and will be removed prior to closing. The asking price for this established and profitable business is $700,000.

    Property Features for 704 Richey Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,044 SF
    Lot Size
    98,446 SF
    Location Intelligence

    Current Use by Public Records

    Payne Packing Co Meat Processor

    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
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.4046
    Latitude
    32.85782

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    FAQs

    What type of property is this?
    Commercial real estate - Established Business, Turnkey Operation
    Where is this commercial real estate located?
    The property is located at 704 Richey Ave Artesia, NM.
    What is the asking price?
    The asking price for this property is $700,000.
    (575) 748-1036
    Request Owner's contact information
    704 Richey Ave 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.

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    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
    704 Richey Ave Artesia, NM 88210
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