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    702 Main St Artesia, NM 88210-2131

    Sponsored
    For Sale
    $365,000

    Prime Artesia location, two office spaces.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property in Artesia, New Mexico, presents a unique investment opportunity. Located at 702 W. Main St., this 14,000 square foot lot features a building with two distinct office areas, ideal for a variety of professional uses. The front section boasts attractive storefront windows facing Main Street, providing excellent visibility and accessibility. This area includes up to six private offices and two bathrooms, offering ample space for a team or individual professionals. The rear section provides additional privacy with two separate entrances and comprises up to three offices and one bathroom. The flexible layout allows for customization to suit diverse business needs. The asking price for this property is $365,000. This presents a compelling opportunity to acquire a well-situated commercial property in a thriving New Mexico community. The property is zoned for commercial use and is located in the 88210-2131 zip code. Its strategic location on Main Street offers high visibility and easy access for clients and employees. The property's size and layout offer significant potential for expansion or adaptation to meet evolving business requirements. Don't miss this chance to secure a valuable asset in a desirable location.

    Property Features for 702 Main St

    General Information

    Property type
    Land

    HighLights

    • 14,000 square foot lot with a building containing two distinct office areas in Artesia, NM.
    • Building features attractive storefront windows on Main Street, offering high visibility.
    • Front section includes up to six private offices and two bathrooms.
    • Rear section has two separate entrances, up to three offices, and one bathroom.
    • Asking price: $365,000.
    • Commercially zoned property located at 702 W. Main St., Artesia, NM 88210‑2131.
    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
    NM
    State
    New Mexico
    Longitude
    -104.4097593
    Latitude
    32.83829

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    FAQs

    What type of property is this?
    Land - Prime Artesia location, two office spaces.
    Where is this land 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: 14,000 square foot lot with a building containing two distinct office areas in Artesia, NM.; Building features attractive storefront windows on Main Street, offering high visibility.; Front section includes up to six private offices and two bathrooms.
    Request Owner's contact information
    702 Main St Artesia, NM 88210-2131
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    Artesia, NM 88210-2131
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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 88210-2131
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