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Property profile

219-223 Main St Belen, NM 87002

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional commercial property, located at 219-223 N Main Street in Belen, New Mexico, presents a unique investment opportunity. Priced at $600,000, this 10,890 square foot lot offers significant potential for both established businesses and forward-thinking developers. Situated in the heart of Belen's vibrant Main Street corridor, the property benefits from high traffic counts and excellent visibility. The existing buildings have been thoughtfully restored, showcasing attractive features such as tall ceilings and versatile layouts suitable for multiple uses. Currently, there are leases in place, generating immediate income potential. Ample parking is available both on the street and at the rear of the property. This property is ideally positioned within the historic area of Valencia County (zip code 87002), offering a blend of established charm and redevelopment potential. The property's location in the bustling Belen commercial area ensures strong visibility and accessibility. Interested parties are encouraged to explore the various possibilities this property offers, from continuing existing operations to undertaking a complete redevelopment project. The property's size and location make it an attractive investment for a wide range of commercial ventures.

Property profile

Verified
Property type Retail properties & Spaces

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
Google Maps

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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