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    208 Broadway St Silver City, NM 88061

    Sponsored
    For Sale
    $599,000

    Prime Downtown Silver City Commercial Property

    Property size:
    14,459 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This iconic 14,459 square foot building, constructed in 1897, is located at 208-214 W Broadway in Silver City, New Mexico, zip code 88061. The property, known as the historic Bell Block, features four ground-floor storefronts and spacious second-floor areas suitable for additional office space or residential conversion. The building retains its original charm, including ornate woodwork, a decorative stamped metal façade, pressed tin ceilings, and beautiful wood and tile floors. Its prime downtown location, adjacent to the historic Murray Hotel, offers significant potential. Currently generating rental income, two vacancies provide immediate opportunities for increased revenue. This exceptional property presents a unique chance to acquire a piece of Silver City's architectural heritage for $599,000. The property is classified as both office and land and consists of zero individual units. The building's rich history and prominent location in Grant County make it an attractive investment opportunity.

    Property Features for 208 Broadway St

    General Information

    Property type
    Land
    Square Feet
    14,459 SF

    HighLights

    • $599,000 asking price.
    • 14,459 square foot office and land property.
    • Located at 208‑214 W Broadway, Silver City, NM 88061.
    • Historic Bell Block building, constructed in 1897.
    • Four ground floor storefronts and spacious second‑floor areas, currently generating rental income with two vacancies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Twin Sisters Cycling ... Bicycle Shop Texas-New Mexico Newspapers ... Advertising Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -108.2775971
    Latitude
    32.7700526

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    FAQs

    What type of property is this?
    Land - Prime Downtown Silver City Commercial Property
    Where is this land located?
    The property is located at 208 Broadway 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: $599,000 asking price.; 14,459 square foot office and land property.; Located at 208-214 W Broadway, Silver City, NM 88061.
    Request Owner's contact information
    208 Broadway 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
    208 Broadway St Silver City, NM 88061
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