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    702 Main St Artesia, NM 88210

    For Sale
    $365,000

    14,000 sq ft lot, dual office spaces

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Artesia, New Mexico commercial property, located at 702 W Main Street, presents a unique investment opportunity. Priced at $365,000, this versatile property boasts a substantial 14,000 square foot lot and features two distinct office spaces, ideal for a variety of business uses. The front section, facing Main Street, offers excellent visibility with storefront windows, up to six private offices, and two bathrooms. This area is perfect for client interaction and a professional office environment. The rear section provides additional privacy with two separate entrances, up to three private offices, and one bathroom. This layout offers flexibility and functionality, allowing for independent operations or expansion within a single property. The property's location in Eddy County, New Mexico, zip code 88210, provides easy access to local amenities and transportation routes. This is a rare chance to acquire a well-situated commercial property with significant potential for growth and return on investment. The property's size and layout offer adaptability to suit a wide range of business needs, making it an attractive option for both established businesses and entrepreneurs. Don't miss this chance to own a piece of Artesia's thriving commercial landscape.

    Property Features for 702 Main St

    General Information

    Property type
    Retail properties

    HighLights

    • $365,000 asking price.
    • 14,000 square foot lot.
    • Artesia, NM location at 702 W Main Street, 88210.
    • Commercial property encompassing land, office, and retail space.
    • Features two separate office spaces, one with street‑facing storefront and up to six private offices and two bathrooms, the other with two private entrances, up to three offices, and one bathroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brannan Financial Group Religious Organization

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.4050107
    Latitude
    32.8424057

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    FAQs

    What type of property is this?
    Retail property - 14,000 sq ft lot, dual office spaces
    Where is this retail property located?
    The property is located at 702 Main St Artesia, NM.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: $365,000 asking price.; 14,000 square foot lot.; Artesia, NM location at 702 W Main Street, 88210.
    Request Owner's contact information
    702 Main St Artesia, NM 88210
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    Artesia, NM 88210
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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
    702 Main St Artesia, NM 88210
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