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    114 Main St Roswell, NM 88203

    For Sale
    $199,000

    High-traffic location, investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 4,950 sq ft commercial storefront at 114 S Main Street, Roswell, NM 88203, is offered at $199,000. Built in 1970, this property presents a compelling investment opportunity in a prime downtown location. Currently occupied by "The Buckin' Chute Boutique," the building offers flexibility for various uses. The existing layout includes four individual office spaces, a kitchen, a bathroom, and a utility room. The spacious showroom could easily function as a waiting area for the offices or be repurposed for retail, such as a salon. The property is zoned Commercial 3 and benefits from additional parking located behind the building. The high traffic volume of this downtown location makes it an ideal investment for both established businesses and new ventures. The existing tenant provides a stable income stream, making this a potentially lucrative investment opportunity. The land itself comprises 4,950 square feet, offering ample space for expansion or future development. This property is ready for immediate occupancy and offers a unique blend of established business and future potential.

    Property Features for 114 Main St

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1970

    HighLights

    • 4,950 sq ft commercial storefront at 114 S Main Street, Roswell, NM 88203, listed at $199,000.
    • Built in 1970, this prime downtown Roswell location offers flexible commercial space.
    • Currently occupied, generating stable income; features four offices, kitchen, bathroom, and utility room.
    • Spacious showroom adaptable for retail or office waiting area; Commercial 3 zoning.
    • Includes off‑street parking; high traffic volume location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Marcia ... Insurance Agency The Buckin’ Chute Boutique Boutique International UFO Museum ... Museum

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -104.5230853
    Latitude
    33.392526

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, investment opportunity.
    Where is this individual retail property located?
    The property is located at 114 Main St Roswell, NM.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 4,950 sq ft commercial storefront at 114 S Main Street, Roswell, NM 88203, listed at $199,000.; Built in 1970, this prime downtown Roswell location offers flexible commercial space.; Currently occupied, generating stable income; features four offices, kitchen, bathroom, and utility room.
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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
    114 Main St Roswell, NM 88203
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