224 Main St, Jal, NM 88252
This exceptional 2,500 square foot commercial land parcel presents a unique investment opportunity in Jal, New Mexico. Located at 224 S Main Street, this property boasts a highly visible street frontage in Lea County, offering unparalleled exposure to potential customers. Built in 1991, the land is zoned for commercial use and is ideally suited for a diverse range of businesses. Its central location within Jal provides easy access to local amenities and a strong customer base. The asking price is $180,000, representing a compelling value for entrepreneurs seeking a strategic foothold in a thriving market. This property is ready for immediate development, allowing for the construction of a building tailored to specific business needs. The ample space provides flexibility for various commercial ventures, from retail establishments to professional offices. The property's address is 224 S Main Street, Jal, NM 88252. Seize this chance to establish or expand your business in a prime location with high visibility and significant growth potential. Don't miss this opportunity to acquire a valuable piece of commercial real estate in a dynamic New Mexico market.
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
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.