209 Main St Artesia, NM 88210
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.
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Heritage Inn Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.