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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

418 Main St Artesia, NM 88210

8,280 SF Built 1946
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1946
Total area 8,280 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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