223 Canyon St Carlsbad, NM 88220
This exceptional commercial property in Carlsbad, New Mexico, presents a unique investment opportunity. Located at 223 S Canyon St, 88220, this versatile space combines retail and industrial elements, totaling 8,223 square feet on a one-acre lot. The ground floor boasts approximately 6,275 square feet of adaptable space, ideal for various retail ventures. This includes roughly 3,286 square feet of open retail space at the front, complemented by approximately 2,988 square feet of secure storage in the rear. Upstairs, a 1,948 square foot open area provides additional flexibility, complete with men's and women's restrooms. Recent improvements include a new roof installed in 2021 and a new sewer line connection to the city system. Ample parking is available directly in front on Canyon Street and along the south side on Greene Street/US Hwy 62/180. Please note that the lot with the fountain south of the building is not included in this sale. This property's prime location and recent upgrades make it an attractive proposition for discerning investors seeking a strong return on investment in a thriving New Mexico market. The asking price is $499,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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