203 Main St, Portales, NM 88130
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.
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.