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94 Main St Reserve, NM 87830

OFF-MARKET Land Google Maps
Built 1940
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional commercial land parcel, located at 94 Main Street in Reserve, New Mexico, presents a unique investment opportunity. The property boasts a substantial 20,647.44 square foot lot, offering significant frontage on Main Street/Highway 435, a key location in downtown Reserve. While the existing building on the property is currently abandoned and inaccessible, it shows potential for redevelopment. Assessor records indicate a building size of 1152 square feet, however, potential buyers are strongly encouraged to independently verify this measurement. The property also features an unfinished basement/cellar and a small attic, adding to its potential. A notable feature is a stone well on the site, currently monitored by the New Mexico Environment Department for lead levels in the town's water supply. Detailed documentation regarding the well monitoring is available upon request. Built in 1940, this property offers a blank canvas for a variety of commercial ventures, capitalizing on its prime downtown location and substantial lot size. The asking price for this remarkable opportunity is $75,000. Don't miss this chance to acquire a significant piece of Reserve's commercial landscape.

Property profile

Verified
Property type Land
Year built 1940

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

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