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    201 Abilene Ave Clovis, NM 88101

    For Sale
    $275,000

    8,395 SF lot, remodeled building, high traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 201 S Abilene Avenue in Portales, New Mexico, presents a unique investment opportunity. The asking price is $275,000 for an 8,395 square foot lot featuring a recently remodeled 2,376 square foot commercial building. Situated conveniently on Highway 70, this property boasts excellent visibility and accessibility. The building, formerly a bank, offers a desirable drive-up window, seven individual offices, and two bathrooms. Its excellent condition makes it move-in ready for a variety of commercial uses. The property's strategic location just off the Portales town square provides frontage on three streets, maximizing exposure to potential customers. A 2022 traffic count taken one block away recorded 14,677 vehicles per day, highlighting the high traffic volume in the immediate area. While previously used as a bank and later adapted for medical purposes, this versatile building is well-suited for a range of commercial ventures. The property's combination of size, location, and recent renovations makes it an attractive option for businesses seeking a prominent presence in Portales, New Mexico. The zip code is 88101, and the property is in Roosevelt County.

    Property Features for 201 Abilene Ave

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • $275,000 asking price for an 8,395 SF lot.
    • 2,376 SF recently remodeled commercial building.
    • Excellent visibility and accessibility on Highway 70.
    • Features a drive‑up window, seven offices, and two bathrooms.
    • Move‑in ready condition, suitable for various commercial uses.
    • Prime location with three‑street frontage near the Portales town square.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clovis
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.3125299
    Latitude
    34.5265446

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    FAQs

    What type of property is this?
    Office Property / Space - 8,395 SF lot, remodeled building, high traffic
    Where is this office property / space located?
    The property is located at 201 Abilene Ave Clovis, NM.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price for an 8,395 SF lot.; 2,376 SF recently remodeled commercial building.; Excellent visibility and accessibility on Highway 70.
    Request Owner's contact information
    201 Abilene Ave Clovis, NM 88101
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    Clovis, NM 88101
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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

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    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
    201 Abilene Ave Clovis, NM 88101
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