Property profile

201 Abilene Ave Clovis, NM 88101

OFF-MARKET
Office Spaces
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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

Location

201 Abilene Ave Clovis, NM 88101
Clovis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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