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OFF-MARKET
Specialty properties

704 Richey Ave Artesia, NM 88210

2.26 ac lot
Property ID
Property summary
AI-generated overview

This exceptional opportunity presents a fully operational meat packing facility located at 704 W Richey Avenue, Artesia, New Mexico, 88210. Priced at $700,000, this established business sits on a 2.256-acre lot and includes all necessary equipment for immediate operation. The sale encompasses a comprehensive array of meat processing equipment, including a meat saw, grinders, tenderizers, slicer, and a smoker room. Two meat storage freezers maintain optimal product preservation. Efficient handling is ensured with an indoor hanging weight scale and a hydraulic lift for carcasses. Livestock weighing is facilitated by an on-site scale and accompanying pens. A convenient laundry area, equipped with a washer and dryer, caters to the cleaning of meat jackets and aprons. The property also features an office space, recently remodeled approximately four years ago. This turnkey operation is ready for a new owner to step in and continue its successful history within the Artesia community. Please note that a yellow truck and a singlewide mobile home located on the property are not included in the sale and will be removed prior to closing. This is a rare chance to acquire a well-established, profitable business with all equipment included.

Property profile
Verified
Property type Specialty properties
Lot 2.26 ac (98,271 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
Current use
Occupant on record · Public records
  • Payne Packing Co Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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