219-223 Main St Belen, NM 87002
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.
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
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.