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    400 2Nd St Roswell, NM 88201

    For Sale
    $1,250,000

    Prime Roswell location, 32,000 SF lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property, located at 400 W 2nd Street in Roswell, New Mexico, presents a unique investment opportunity. The property encompasses a sizable 32,000 square foot lot, featuring an 8,368 square foot office building currently divided into three leasable spaces. The building was constructed in 1980. The site boasts excellent visibility and accessibility, situated at the intersection of W. Second Street and Kentucky Avenue, a central Roswell location. The rectangular lot offers 160 feet of frontage on W. Second Street and a depth of 200 feet along N. Kentucky Avenue, with an alley providing convenient access. The land is level and entirely usable. The northern portion of the property (Lots 1-3) is zoned C-4 Westside Business District, allowing for diverse commercial development. The southern portion (Lot 4), currently a gravel parking area, is zoned R-3 Residential. This versatile property offers significant potential for redevelopment or continued operation as a multi-tenant office complex. The asking price is $1,250,000. This is a rare opportunity to acquire a substantial commercial property in a thriving New Mexico city. The property's central location and flexible zoning make it ideal for a variety of commercial uses.

    Property Features for 400 2Nd St

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1980

    HighLights

    • Asking Price: $1,250,000
    • Property Type: Land, Office, Retail; Storefront
    • Year Built: 1980
    • Lot Size: 32,000 sq ft
    • Address: 400 W 2nd Street, Roswell, NM 88201
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IIR Property Management Property Management Company Roswell Transit side ... City Department Of Transportation KASANDRA L GEESLIN, ... Real Estate Agent Jennifer Lewis - NMLS# ... Mortgage Lender Gold Financial Services Mortgage Lender

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.5278782
    Latitude
    33.3940216

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    FAQs

    What type of property is this?
    Individual retail property - Prime Roswell location, 32,000 SF lot.
    Where is this individual retail property located?
    The property is located at 400 2Nd St Roswell, NM.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Asking Price: $1,250,000; Property Type: Land, Office, Retail; Storefront; Year Built: 1980
    Request Owner's contact information
    400 2Nd St Roswell, NM 88201
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    Roswell, NM 88201
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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
    400 2Nd St Roswell, NM 88201
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