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Property profile & analytics
OFF-MARKET
Office Spaces

1701 1St St Artesia, NM 88210

Built 1950
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 1701 N First Street in Artesia, New Mexico, presents a unique investment opportunity. The 13,503.6 square foot lot features a substantial building constructed in 1950, offering a blend of established infrastructure and significant potential. The property boasts high visibility on N. First Street (Highway 285), ensuring excellent exposure for any business. The building itself is divided into two distinct sections. One side comprises a welcoming lobby, three private offices, a dedicated conference room, two bathrooms, and a convenient storage room. The other side offers two sizable storage areas, already plumbed for a bathroom, presenting a ready-to-develop space for additional tenants or expansion. This adaptable layout makes it ideal for a variety of uses, including multi-tenant occupancy. Ample on-site parking is available, providing convenience for both employees and clients. The asking price for this property is $253,820. Situated in Eddy County, New Mexico, with a zip code of 88210, this property offers a compelling combination of location, size, and versatility, making it an attractive prospect for discerning investors seeking a strong return on investment. The property's prime location and flexible design make it an excellent choice for a wide range of commercial ventures.

Property profile
Verified
Property type Office Spaces
Year built 1950
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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