120 1St St Clovis, NM 88101
This exceptional commercial property, located at 120 E 1st Street in Clovis, New Mexico, presents a significant investment opportunity. The 11,494 square foot lot houses a substantial building constructed in 1920, offering versatile space ideal for a variety of commercial or warehouse uses. Its classification as both commercial and industrial land allows for flexible adaptation to suit diverse business needs. Situated in a high-traffic area of Curry County, this property benefits from excellent visibility and accessibility, making it an attractive location for businesses seeking a prominent presence. The asking price is $149,900. The property's age suggests potential for renovation or repurposing, allowing for customization to meet specific operational requirements. The substantial lot size provides ample space for expansion or additional development, further enhancing its investment potential. The property's location in Clovis, NM, zip code 88101, offers access to local amenities and infrastructure. This is a rare opportunity to acquire a large building in a prime location with significant potential for growth and return on investment. Further details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.