116-120 Roselawn Ave Artesia, NM 88210
This exceptional 3,280 square foot commercial property, situated on a 0.15-acre corner lot in the heart of downtown Artesia, NM, presents a compelling investment opportunity. Located directly across from Artesia's largest bank, this prime location ensures high visibility and accessibility. The building currently boasts 100% occupancy with all four units rented, generating immediate income. Each unit is equipped with its own private bathroom and individual HVAC system, offering tenants maximum comfort and convenience. Recent updates enhance the property's appeal and versatility, making it an attractive option for a diverse range of businesses. A dedicated private parking area is included, providing ample space for tenants and visitors. The property's strong rental history, desirable location, and modern amenities make it an ideal investment for those seeking a stable and profitable commercial venture. The building's versatile layout allows for flexibility in tenant occupancy, catering to a variety of business needs. This is a rare opportunity to acquire a fully occupied, income-producing commercial property in a thriving downtown area. The asking price is $305,000. Don't miss out on this exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.