Property profile

224 Main St Jal, NM 88252

OFF-MARKET
Land
Built 1991
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Year built 1991

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

224 Main St Jal, NM 88252
Jal metro
Google Maps

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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