Property summary
This exceptional commercial property, located at 201 S Abilene Avenue in Portales, New Mexico, presents a unique investment opportunity. The asking price is $275,000 for an 8,395 square foot lot featuring a recently remodeled 2,376 square foot commercial building. Situated conveniently on Highway 70, this property boasts excellent visibility and accessibility. The building, formerly a bank, offers a desirable drive-up window, seven individual offices, and two bathrooms. Its excellent condition makes it move-in ready for a variety of commercial uses. The property's strategic location just off the Portales town square provides frontage on three streets, maximizing exposure to potential customers. A 2022 traffic count taken one block away recorded 14,677 vehicles per day, highlighting the high traffic volume in the immediate area. While previously used as a bank and later adapted for medical purposes, this versatile building is well-suited for a range of commercial ventures. The property's combination of size, location, and recent renovations makes it an attractive option for businesses seeking a prominent presence in Portales, New Mexico. The zip code is 88101, and the property is in Roosevelt County.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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