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    503/517 Main St Belen, NM 87002

    Sponsored
    For Sale
    $425,000

    High-traffic retail space, great investment!

    Property size:
    8,287 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Belen, New Mexico commercial property, located at 503/517 S Main Street, presents a compelling investment opportunity. Situated on a 0.78-acre lot, this 8,287 square foot retail building boasts a prime location on the west side of Main Street, just south of Gilbert Avenue, within a high-traffic area. The property comprises eight individual suites, five of which are currently leased, ensuring immediate cash flow. Suite sizes vary, with five offering 1,000 square feet each, two at 750 square feet, and one larger suite at 1,500 square feet. Each suite includes a private bathroom. One suite features upgraded refrigerated air conditioning and central forced air heating, while the remaining suites are equipped with evaporative cooling and radiant heat. The asking price for this well-positioned retail center is $425,000, offering significant potential for growth and return on investment. Its strategic location and diverse suite sizes make it an ideal property for both seasoned investors and those seeking a strong entry point into the New Mexico commercial real estate market. The property's current occupancy and high-traffic location contribute to its strong investment potential. This is a rare opportunity to acquire a well-established retail center in a thriving community. The property is located in Valencia County, New Mexico, zip code 87002.

    Property Features for 503/517 Main St

    General Information

    Property type
    Land
    Square Feet
    8,287 SF
    Lot Size
    33,977 SF

    HighLights

    • 8,287 SF retail building on a 0.78‑acre lot in Belen, NM.
    • Prime location at 503/517 S Main Street, high‑traffic area.
    • Eight individual suites, five currently leased, providing immediate cash flow.
    • Suite sizes range from 750 SF to 1,500 SF, with five 1,000 SF suites.
    • All suites include private bathrooms; HVAC varies (some upgraded).
    • Asking price: $425,000.
    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
    -106.7785488
    Latitude
    34.6569398

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    FAQs

    What type of property is this?
    Land - High-traffic retail space, great investment!
    Where is this land located?
    The property is located at 503/517 Main St Belen, NM.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 8,287 SF retail building on a 0.78-acre lot in Belen, NM.; Prime location at 503/517 S Main Street, high-traffic area.; Eight individual suites, five currently leased, providing immediate cash flow.
    Request Owner's contact information
    503/517 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
    503/517 Main St Belen, NM 87002
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