200 W 1St St Roswell, NM 88203

This eight-story building, currently used as an office building, is located in the heart of downtown Roswell, just a block from the UFO Museum. As the town's first tall building, it has been a part of the community for almost 75 years. The building, the third highest in town, offers unobstructed views from the upper floors. The building structure is in excellent condition, and the roof is only 10 years old. The columnar construction allows for flexible interior layouts, including open plans. The building contains over 60,000 square feet of convertible space and significant basement space suitable for mechanicals, tenant storage, or further development. Conversion to short and long-term residences, hotel units, health and wellness studios, restaurants, and entertainment venues are all possible. The property includes four empty downtown lots available for development. Three contiguous lots across Richardson Street and a large lot adjacent to the south side of the building offer opportunities for solar-covered parking structures, a building annex, a pool, a children's play area, a garden patio, additional buildings, parking structures, extended solar generation capacity, or an entertainment venue.