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Property profile

219-223 Main St Belen, NM 87002

OFF-MARKET
Mixed-use properties
8,650 SF 0.25 ac lot
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Property summary

AI-generated overview

This iconic Belen, New Mexico property, located at 219-223 N Main Street, presents a unique investment opportunity. The 8,650 square foot mixed-use building sits on a 0.25-acre lot in the heart of Belen's bustling Main Street corridor, benefiting from high vehicular traffic counts. The property boasts excellent visibility and ample parking both in front and behind the building. The existing structures have undergone restoration, showcasing attractive features such as tall ceilings and versatile spaces suitable for multiple uses. Currently, the property generates income through existing leases. The property's prime location and historic character make it ideal for a variety of uses, from retail and office spaces to restaurants and other commercial ventures. Furthermore, the property is also well-suited for redevelopment, offering significant potential for future expansion or repurposing. The asking price for this exceptional investment opportunity is $600,000. Detailed information regarding the existing leases and redevelopment possibilities is available upon request. This is a rare chance to acquire a significant piece of Belen's vibrant commercial landscape.

Property profile

Verified
Property type Mixed-use properties
Total area 8,650 SF
Lot 0.25 ac (10,890 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

219-223 Main St Belen, NM 87002
Belen metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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