Property summary
This exceptional Dexter, New Mexico office building presents a unique investment opportunity at $160,000. Constructed in 1943, the property boasts a substantial 16,000 square foot lot and a charming brick and stucco exterior. A new roof was installed in 2020, ensuring long-term structural integrity. The interior layout is versatile and spacious, featuring a welcoming reception area, a small office, and a restroom upon entry. Beyond this, a vast open room with high ceilings provides ample space for various uses. A sizable pulpit area with a basin is located towards the rear. Multiple additional offices, storage rooms, and utility rooms offer excellent functionality. A recreational room complete with a kitchen adds to the property's appeal. A large basement provides extra storage or development potential. The building includes a total of five restrooms. This property's combination of historical charm, substantial space, and recent upgrades makes it an ideal investment for those seeking a versatile commercial space with significant upside. The property is located at 300 W 3rd Street, Dexter, NM 88230. Schedule a showing today to fully appreciate the potential of this remarkable building.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
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