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Leased Office Building
New
For Sale
$250,000

123 1st Street, Grants, NM 87020

Professional office property with private rooms, flexible workspace, on-site parking, and an existing lease structure.

Property Size2,500 SF
Days on Market3

Property Features for 123 1st Street

General Information

Standard status Active
Size 2,500 SF
Total Parking Spaces 12
Property subtype Office
Zoning C-2

Building Details

Building Size 2,500 SF
Year Built 1970
Listing Agency: RE/MAX
Listed By: Heather Porter · License #18150
Source: Remaxcommercial
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 21 at 4:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX

Investment Insights

Based on property information with market context.

This approximately 2,500-square-foot office building is configured for professional use, with five private offices, two bathrooms, a breakroom, reception area, built-in reception desk, vault, and substantial storage. A large open work area provides additional room for offices or workstations. On-site parking accommodates approximately 12 vehicles. The property was built in 1970 and is zoned C-2.

The building is offered subject to an existing lease and sublease, with related terms and documentation provided as applicable. It is situated within Grants' MainStreet District along First Street, described as a primary commercial corridor and route serving the hospital, medical district, Cibola County government offices, and other county-seat services. Surrounding uses include established businesses, professional offices, government services, and community amenities.

Key Highlights

  • Approximately 2,500 square feet of office space
  • Five private offices plus a large open work area
  • Existing lease and sublease in place

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Dental Office Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

420
Businesses Nearby

Demographics for 87020, NM

11,471
Population
4,593
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
85%
High-School Grad
902.0 sq mi
ZIP Area
13
Density / Sq Mi
$67,511
Median Household Income
$39,100
Median Earnings
$741
Median Rent
$154,900
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Professional office property with private rooms, flexible workspace, on-site parking, and an existing lease structure.
Where is this office building located?
The property is located at 123 1st Street Grants, NM.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 2,500 square feet of office space; Five private offices plus a large open work area; Existing lease and sublease in place
More about this property
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