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    418 Main St Artesia, NM 88210

    For Sale
    $290,000

    Historic Theater, 8,280 SF, Main Street

    Property size:
    8,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8,280-square-foot retail property, located at 418 W Main St in Artesia, New Mexico, presents a unique investment opportunity. Formerly the LandSun Theater, this single-story building boasts a rich history, having served as a movie theater with two screens, balconies, and a complete concession stand. Built in 1946 and renovated in 1970, the exterior underwent a significant restoration around 2001, including the façade, neon sign, marquee, and concession booth. The property sits on an 8,400-square-foot lot and is zoned C, offering considerable flexibility for a variety of commercial uses. Its prime location on Main Street places it within Artesia's thriving MainStreet initiative, benefiting from high pedestrian traffic and ample street parking. The asking price is $290,000, translating to $35.02 per square foot. This property offers a blend of historical charm and modern potential, making it an ideal investment for discerning buyers seeking a unique and well-situated commercial space in the heart of Artesia, NM (zip code 88210). The property's Eddy County location provides easy access to local amenities and transportation routes.

    Property Features for 418 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    8,280 SF

    Building Details

    Year Built/Renovated
    1946/1970
    Buildings
    1
    Stories
    1

    HighLights

    • 8,280 SF retail building at 418 W Main St, Artesia, NM (88210).
    • Former LandSun Theater, single‑story, built in 1946, renovated in 1970 & 2001.
    • Features two screens, balconies, concession stand, and restored façade.
    • Sits on an 8,400 SF lot, C‑zoned, allowing for diverse commercial uses.
    • Prime Main Street location within Artesia's MainStreet initiative, offering high pedestrian traffic and ample parking.
    • Asking price: $290,000 ($35.02/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.4018793
    Latitude
    32.8425551

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    FAQs

    What type of property is this?
    Retail property - Historic Theater, 8,280 SF, Main Street
    Where is this retail property located?
    The property is located at 418 Main St Artesia, NM.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: 8,280 SF retail building at 418 W Main St, Artesia, NM (88210).; Former LandSun Theater, single-story, built in 1946, renovated in 1970 & 2001.; Features two screens, balconies, concession stand, and restored façade.
    (505) 238-7707
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    418 Main St Artesia, NM 88210
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    Artesia, NM 88210
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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
    418 Main St Artesia, NM 88210
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