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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1207 Ave Carrizozo, NM 88301

3,988 SF 0.28 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 1207 E Avenue in Carrizozo, New Mexico, presents a unique investment opportunity. The 0.28-acre lot encompasses a 3,988 square foot building, previously used as a motel, offering significant charm and potential for redevelopment. Its prime corner location on Highway 54 ensures unparalleled visibility to hundreds of vehicles daily, maximizing exposure for any business. The property's versatility is further enhanced by a sizable front area currently occupied by a food truck, ideal for additional revenue streams or outdoor seating. This presents a multitude of business possibilities, from expanding the existing food truck operation to establishing a new retail venture or creating an outdoor pavilion. The asking price for this remarkable property is $199,000. The property is situated in Lincoln County, New Mexico, zip code 88301, and offers a rare blend of established infrastructure and high-traffic location. The building's existing structure provides a solid foundation for a variety of commercial uses, while the ample lot size allows for expansion or outdoor amenities. This is an exceptional opportunity to acquire a well-positioned commercial property in a growing area. The property's history as a motel adds to its unique character and potential for creative repurposing. Don't miss this chance to own a piece of Carrizozo's vibrant commercial landscape.

Property profile
Verified
Property type Retail properties & Spaces
Total area 3,988 SF
Lot 0.28 ac (12,197 SF)
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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