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    OFF-MARKET
    Land

    203 Main St, Portales, NM 88130

    Built 1960
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land parcel, located at 203 S Main Street in historic Portales, New Mexico, presents a unique investment opportunity. The 4,200 square foot lot is ready for immediate development or redevelopment. Built in 1960, the property offers significant potential for a variety of commercial uses. Its central location on Main Street provides excellent visibility and accessibility, ensuring high traffic and exposure for any business. The property features an existing structure with over 2500 square feet of space, offering a flexible open floor plan adaptable to diverse business needs. The building includes central heating and air conditioning, ensuring year-round comfort. Owner financing is available with a suitable down payment. This is a chance to own a piece of Portales' vibrant Main Street, offering both immediate usability and long-term growth potential. The property is situated in Roosevelt County, New Mexico, zip code 88130, and is conveniently located at latitude 34.1860435 and longitude -103.3371865. Don't miss this chance to acquire a well-positioned commercial property in a thriving community.

    Property profile
    Verified
    Property type Land
    Year built 1960
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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