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    OFF-MARKET
    Office Spaces

    201 Abilene Ave, Clovis, NM 88101

    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office Spaces
    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
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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