301 305 Portales, NM 88130

Property Details for 301 305

Year built

1970

Lot size

0.31 lot acres

Property size

1,316 SF

Property type

Commercial real estate

Description

This exceptional commercial property in Portales, New Mexico, presents a unique investment opportunity. The main building, totaling 1,316 square feet, is ideally situated on a 0.31-acre corner lot, offering high visibility and accessibility. Its prime location is directly across from the Portales Best Western Hotel and the Portales fire department, ensuring excellent exposure and convenient access for clients and employees. The office building itself features a welcoming lobby, three individual offices providing ample space for various business needs, a secure vault with built-in shelving for storage, two bathrooms, and a convenient kitchen/break room. The property is fully equipped for modern business operations, with existing phone lines, network infrastructure, and internet connectivity. Beyond the main office building, the property includes two additional lots, providing significant expansion potential or the possibility of developing additional structures. A separate stucco house and garage are also included on the property, though they have been vacant for an extended period. New owners can choose to renovate these structures or remove them to suit their vision. Recent improvements include a modernized heating and cooling unit, now located on the roof for efficiency, and a relocated exterior gas line. A metal carport at the rear of the building provides additional covered parking. The estimated year of construction is available in the provided documents. This property offers a blend of established office space and significant development potential, making it an attractive investment in a thriving downtown location.

Location Insight

City

Portales

County

Roosevelt

State

New Mexico

Longitude

-103.337

Latitude

34.1839