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Retail Building with Adjacent Lot
For Sale
$299,000

215 E 2nd St, Portales, NM 88130

Commercial Sale, Portales, NM

Property Size2,718 SF
Lot Size0.41 Acres
Price / SF$110.01
Days on Market182

Property Features for 215 E 2nd St

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Interior features Audio/Video Surveillance
Subdivision New Mexico Mls
Standard status Active
APN 100000000402900; 100000000385400
Size 2,718 SF
Lot size 0.41 Acres

Taxes and HOA fees

Tax Description 1-000-000-004-02900: Subd: PORTALES(ORIGINAL) Block: 7 Lot: 10, 11, 12 1-000-000-003-85400: Subd: PORTALES(ORIGINAL) Block: 7 NE 70' OF LOTS 4,5, AND 6
Tax Annual Amount 2743
Legal Description 1-000-000-004-02900: Subd: PORTALES(ORIGINAL) Block: 7 Lot: 10, 11, 12 1-000-000-003-85400: Subd: PORTALES(ORIGINAL) Block: 7 NE 70' OF LOTS 4,5, AND 6

Amenities

cameras and security equipment
kitchen
vault
storage closet

Building Details

Flooring type Wood
Building materials Block - Cinder, Brick, Concrete, Crawlspace, Frame, Log, Masonry, Metal Frame, Siding, Slump Block, Fiberglass, Styrofoam, Clay Tile, Concrete Block, Mission Stone
Listing Agency: Town & Country Real Estate, Inc.
Listed By: Brian Essex · License #REC-2024-0356
Added: Apr 20 Changed: Oct 8 Last Checked: Oct 18 at 2:06PM
MLS# 20262303

Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The 2,718-square-foot retail building contains two large sales areas and five more rooms that can serve as offices or private workspaces. A restroom, kitchen, vault, and storage closet are also included. Paved parking serves the building, which is equipped with camera and security systems. The property also includes an adjoining vacant lot of approximately 10,500 square feet; the building occupies an approximately 7,500-square-foot lot.

Located at 215 E 2nd St in Portales, the property is on a main thoroughfare through the city.

Key Highlights

  • 2,718‑square‑foot retail building
  • Two retail areas and five additional rooms
  • Restroom, kitchen, vault, and storage closet

Property Analytics

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Current Use

Pecos Valley Production ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Dental Office Pharmacy Skin Care Clinic HVAC Service Computer & Electronic Repair

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

603
Businesses Nearby
50k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 51% Dining 43% Hotels & Casinos 2% Electronics 2%
SONIC Drive In Dining
13,515 visits/mo 0.3 miles
Pizza Hut Dining
5,856 visits/mo 0.2 miles
Phillips 66 Shops & Services
5,609 visits/mo 0.3 miles
Wells Fargo Shops & Services
4,594 visits/mo 0.4 miles
Valero Energy Shops & Services
4,019 visits/mo 0.2 miles

Demographics for 88130, NM

18,027
Population
7,985
Households
2.3
Avg Household Size
31
Median Age
22%
College-Educated
86%
High-School Grad
632.1 sq mi
ZIP Area
29
Density / Sq Mi
$52,420
Median Household Income
$29,958
Median Earnings
$865
Median Rent
$136,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The interior combines two retail areas with additional rooms suited to office or private work functions.
Where is this retail space located?
The property is located at 215 E 2nd St Portales, NM.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,718‑square‑foot retail building; Two retail areas and five additional rooms; Restroom, kitchen, vault, and storage closet
More about this property
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