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    2700 Main St Roswell, NM 88203

    For Sale
    $716,350

    Prime commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5.054-acre commercial land parcel presents a remarkable investment opportunity in Roswell, New Mexico. Strategically located on South Main Street, the property boasts an impressive 1258 feet of frontage, providing exceptional visibility and accessibility. Its expansive size makes it suitable for a variety of development projects, including a shopping center or multiple individual businesses. The property's location is further enhanced by its proximity to a thriving residential area. A housing subdivision with over 100 home lots is actively under construction immediately west of the property, ensuring a strong and growing customer base for any commercial development. This presents a unique opportunity to capitalize on the area's expanding residential population and increasing demand for commercial services. The seller is open to considering the division of the property into smaller parcels, offering flexibility for investors with varying needs and project scopes. The asking price for this exceptional property is $716,350. Located in Chaves County, New Mexico, with a zip code of 88203, this property offers significant potential for substantial returns. The coordinates are 33.3617611 latitude and -104.5231717 longitude.

    Property Features for 2700 Main St

    General Information

    Property type
    Land
    Lot Size
    220,152 SF

    HighLights

    • 5.054‑acre commercial land parcel in Roswell, NM.
    • 1258 feet of frontage on South Main Street, offering high visibility and accessibility.
    • Suitable for various developments, including shopping centers or multiple businesses.
    • Adjacent to a new 100+ lot residential subdivision, ensuring a strong customer base.
    • Seller will consider dividing the property into smaller parcels; asking price: $716,350.
    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
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.5231717
    Latitude
    33.3617611

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    FAQs

    What type of property is this?
    Land - Prime commercial land, ideal for development.
    Where is this land located?
    The property is located at 2700 Main St Roswell, NM.
    What is the asking price?
    The asking price for this property is $716,350.
    What are key features of this property?
    This property features: 5.054-acre commercial land parcel in Roswell, NM.; 1258 feet of frontage on South Main Street, offering high visibility and accessibility.; Suitable for various developments, including shopping centers or multiple businesses.
    Request Owner's contact information
    2700 Main St Roswell, NM 88203
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    Roswell, NM 88203
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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
    2700 Main St Roswell, NM 88203
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