313-315 Quay Ave Artesia, NM 88210
This exceptional 3,050 square foot commercial property, situated at 313-315 Quay Avenue in Artesia, New Mexico, presents a compelling investment opportunity. Ideally located just one block south of Main Street and adjacent to the well-known KSVP radio station, this building enjoys high visibility and convenient access. Ample parking is available both in front and at the rear of the building, ensuring ease of access for customers and employees. Currently configured for a single business, the property features a doorway that easily allows for division into two separate units, making it suitable for multiple tenants or expansion. The 0.16-acre lot provides ample space for outdoor activities or potential future development. The building's location within the Main Street district may offer eligibility for potential renovation assistance programs. This property is being sold as-is, with the building only included in the sale. The asking price is $199,500. Given its prime location, versatile layout, and abundant parking, this property is expected to attract significant interest and is poised for immediate occupancy or further development. Don't miss this chance to acquire a valuable asset in a thriving commercial area.
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.