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    211 Texas St Silver City, NM 88061

    For Sale
    $599,000

    Historic Downtown Retail Building - 4,085 SF

    Property size:
    4,085 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property, located at 211 N Texas St. in Silver City, New Mexico, presents a unique investment opportunity. The 4,085 square foot building sits on a 0.1-acre lot and is currently 100% occupied by four distinct retail businesses: an art gallery, weaving studio, bakery, and pilates studio. Each unit boasts separate utilities (heating, cooling, and restrooms), enhancing tenant independence. The building features beautiful brick construction, high ceilings, and original tin ceiling tiles in two units. Unit B (the bakery) has recently undergone significant improvements, including new flooring, upgraded electrical and lighting, plumbing, floor drains, sewer lines, and a renovated bathroom. Unit C also received sewer upgrades and a new bathroom. All units are equipped with new digital Kwikset door locks. The pilates studio enjoys a private adobe-walled courtyard. This high-visibility corner location, at the intersection of Yankie and Texas Streets, offers exceptional exposure. The property's proximity to the historic Murray Hotel, art galleries, coffee shops, a museum, and restaurants ensures high foot traffic and a vibrant atmosphere. The asking price for this prime retail space is $599,000. This is a rare chance to acquire a thriving, well-maintained commercial property in the heart of Silver City's historic downtown art district. The zip code is 88061.

    Property Features for 211 Texas St

    General Information

    Property type
    Land
    Square Feet
    4,085 SF
    Lot Size
    4,356 SF

    HighLights

    • 4,085 SF building on a 0.1‑acre lot in Silver City, NM (88061).
    • 100% occupied by four retail tenants: art gallery, weaving studio, bakery, and pilates studio.
    • Each unit has separate utilities and new digital Kwikset door locks.
    • Recent renovations include new flooring, upgraded electrical, plumbing, and bathrooms in select units.
    • High‑visibility corner location at Yankie & Texas Streets in Silver City's historic downtown art district.
    • Asking price: $599,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wild West Weaving Art Gallery Wild Gila Studio Art Gallery Fiber Arts Center Arts Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Silver City
    County
    Grant
    State
    New Mexico
    Longitude
    -108.2772801
    Latitude
    32.7703872

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    FAQs

    What type of property is this?
    Land - Historic Downtown Retail Building - 4,085 SF
    Where is this land located?
    The property is located at 211 Texas St Silver City, NM.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 4,085 SF building on a 0.1-acre lot in Silver City, NM (88061).; 100% occupied by four retail tenants: art gallery, weaving studio, bakery, and pilates studio.; Each unit has separate utilities and new digital Kwikset door locks.
    Request Owner's contact information
    211 Texas St Silver City, NM 88061
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    Silver City, NM 88061
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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
    211 Texas St Silver City, NM 88061
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