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    219-223 Main St Belen, NM 87002

    Sponsored
    For Sale
    $600,000

    Prime Belen location, high traffic, redevelopment potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 219-223 N Main Street in Belen, New Mexico, presents a unique investment opportunity. Priced at $600,000, this 10,890 square foot lot offers significant potential for both established businesses and forward-thinking developers. Situated in the heart of Belen's vibrant Main Street corridor, the property benefits from high traffic counts and excellent visibility. The existing buildings have been thoughtfully restored, showcasing attractive features such as tall ceilings and versatile layouts suitable for multiple uses. Currently, there are leases in place, generating immediate income potential. Ample parking is available both on the street and at the rear of the property. This property is ideally positioned within the historic area of Valencia County (zip code 87002), offering a blend of established charm and redevelopment potential. The property's location in the bustling Belen commercial area ensures strong visibility and accessibility. Interested parties are encouraged to explore the various possibilities this property offers, from continuing existing operations to undertaking a complete redevelopment project. The property's size and location make it an attractive investment for a wide range of commercial ventures.

    Property Features for 219-223 Main St

    General Information

    Property type
    Land

    HighLights

    • $600,000 asking price.
    • 10,890 square foot lot.
    • Retail and land property located at 219‑223 N Main Street, Belen, NM 87002.
    • High traffic area in the heart of Belen's main corridor.
    • Historic building with restored features, high ceilings, and ample parking.
    • Existing leases in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Belen
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.7766453
    Latitude
    34.662125

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    FAQs

    What type of property is this?
    Land - Prime Belen location, high traffic, redevelopment potential.
    Where is this land located?
    The property is located at 219-223 Main St Belen, NM.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price.; 10,890 square foot lot.; Retail and land property located at 219-223 N Main Street, Belen, NM 87002.
    Request Owner's contact information
    219-223 Main St Belen, NM 87002
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    Belen, NM 87002
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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
    219-223 Main St Belen, NM 87002
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