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Property profile & analytics
OFF-MARKET
Commercial real estate

209 Main St Artesia, NM 88210

10,188 SF 0.16 ac lot Built 1904
Property ID
Property summary
AI-generated overview

This exceptional property at 209 W Main Street, Artesia, NM, presents a rare investment opportunity. The 10,188 square foot building sits on a 0.16-acre lot in the heart of downtown Artesia and boasts an eleven-room bed and breakfast, beautifully decorated with local history in mind. The inn includes a fully equipped kitchen, laundry facilities, inviting common areas, and a single ADA-compliant guest room, ensuring accessibility for all. Adding to its income potential are three versatile commercial spaces. One space is currently fully leased to Century 21, providing immediate rental income. A second, larger space offers an industrial-chic aesthetic with exposed brick walls, ideal for a variety of businesses requiring customization. A third, smaller office space is also available. Shared restrooms conveniently serve the commercial tenants. Further enhancing the property's appeal are a spacious garage for storage, and a charming balcony patio with additional exterior storage. Priced at $1,200,000, this property offers a unique blend of hospitality and commercial real estate, perfect for investors seeking a turnkey operation with significant income potential and a piece of Artesia's rich history. The prime location and diverse income streams make this a truly exceptional offering.

Property profile
Verified
Property type Commercial real estate
Year built 1904
Total area 10,188 SF
Lot 0.16 ac (6,970 SF)
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
Current use
Occupant on record · Public records
  • Heritage Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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