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Property profile & analytics
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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