503/517 Main St Belen, NM 87002
- Retail properties
- 8,287 SF
- 0.78 lot acres
Current Use by Public Records
- Retail properties
Property Details for 503/517 Main St
- Lot size
- 0.78 lot acres
- Property size
- 8,287 SF
- Property type
- Retail properties
Description
This exceptional Belen, NM retail property boasts 8,287 square feet of prime commercial space situated on bustling South Main Street. The 0.78-acre lot houses a multi-tenant building currently comprised of eight individual suites, five of which are currently leased, presenting a strong existing income stream and immediate return on investment. Five suites offer generous 1,000 square foot layouts, ideal for a variety of retail businesses. Two additional suites provide 750 square feet each, and a larger 1,500 square foot suite is also available. One suite features upgraded refrigerated air conditioning and central forced air heating, providing modern climate control. The remaining suites are equipped with evaporative cooling and radiant heat systems. Each suite includes a private bathroom for tenant convenience. The high visibility location on Main Street ensures significant foot traffic and exposure, making this a compelling investment opportunity with substantial growth potential. The property's current occupancy and diverse suite sizes offer flexibility for both immediate income and future expansion. This is a rare chance to acquire a well-established retail center in a thriving New Mexico community. Priced at $425,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belen
- County
- Valencia
- State
- New Mexico
- Longitude
- -106.748
- Latitude
- 34.6433
