216-220 Roselawn Ave Artesia, NM 88210
This exceptional commercial property at 216-220 S Roselawn Avenue in Artesia, New Mexico, presents a lucrative investment opportunity. Located on a desirable corner lot (6,560 sq ft) in the heart of downtown, directly across from the largest local bank, this 3,280 square foot office building offers significant potential. Currently fully occupied, the property boasts four individual units, each equipped with its own private bathroom and HVAC system, ensuring tenant comfort and operational efficiency. A dedicated private parking area adds to the property's appeal and convenience. Recent updates enhance the building's aesthetic appeal and versatility, making it an attractive option for a variety of businesses. The property's prime location, coupled with its fully occupied status and modern amenities, makes it an ideal investment for those seeking a strong return on investment. The asking price is $305,000. This is a rare opportunity to acquire a well-maintained, income-generating commercial property in a thriving downtown area. The property is zoned for commercial use and is situated in Eddy County, New Mexico, zip code 88210.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.