Current Use by Public Records
- Office Spaces
Property Details for 301 St. Ave
- Year built
- 1970
- Property type
- Office Spaces
- Property subtype
- Land
Description
This exceptional commercial property in Portales, New Mexico, presents a unique investment opportunity. Encompassing a substantial 13,700 square foot lot, the property features a well-situated office building and two additional vacant lots. The office building, constructed in 1970 (estimated), boasts a welcoming lobby, three individual offices, a secure vault with shelving for storage, two bathrooms, and a convenient kitchen/break room. Modernized features include updated heating and cooling units (rooftop location) and an externally relocated gas line. The building is also equipped for phone lines, network connectivity, and internet access. A metal carport provides additional covered parking at the rear. The property's prime location is directly across from the Portales Best Western Hotel and the Portales fire department, ensuring high visibility and accessibility. Two additional lots offer significant development potential. A separate stucco house and garage on the property have been vacant for an extended period and are ready for renovation or demolition, allowing for new owners to customize the property to their specific needs. The property is located at 301 & 305 S B & 213 W 3rd St. Avenue, Portales, NM 88130. Lead-based paint information is available in the property documents. This is a rare opportunity to acquire a versatile commercial property in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portales
- County
- Roosevelt
- State
- New Mexico
- Longitude
- -103.337
- Latitude
- 34.1839
