1701 1St St Artesia, NM 88210
This exceptional 3,174 square foot commercial property, situated on a 0.31-acre lot at 1701 N First Street in Artesia, New Mexico, presents a compelling investment opportunity. Boasting a highly visible location on N. First Street (Highway 285), this building offers significant potential for a variety of uses. One side of the building features a welcoming lobby, three private offices, a dedicated conference room, two bathrooms, and a convenient storage room, ideal for professional office space. The other side comprises two sizable storage areas, already plumbed for a bathroom, presenting the flexibility to create additional office space or adapt to suit a different tenant's needs. The property's dual-sided layout makes it particularly well-suited for multi-tenant occupancy. Ample on-site parking is available for tenants and clients. The asking price for this versatile commercial property is $253,820. This prime location and adaptable space offer a rare chance to acquire a valuable asset in a thriving Artesia business district. The property's high visibility ensures excellent exposure for any business operating within its walls. Don't miss this chance to own a piece of Artesia's commercial landscape.
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.