1000 Santa Fe Ave Grants, NM 87020-2433
This exceptional investment opportunity presents a substantial commercial property ideally situated on historic Route 66, within Grants, New Mexico's thriving downtown business district. The property encompasses four buildings totaling over 18,000 square feet, situated on a generous 1.3-acre lot. Currently vacant, this versatile space offers significant potential for a variety of commercial uses. The buildings feature a prominent retail storefront facing Route 66, complemented by ample space suitable for warehousing, manufacturing, or other production-oriented businesses. The property's location within the Main Street Development Zone offers access to numerous benefits and potential incentives. Its accessibility is further enhanced by multiple large doors providing generous access from all four sides. Recent professional roof repairs and updates ensure the property is well-maintained and ready for immediate occupancy or lease. The property's size and location make it an attractive prospect for both established businesses seeking expansion and entrepreneurs looking to establish a new venture in a vibrant and historic location. The address is 1000 W Santa Fe Ave, Grants, NM 87020, in Cibola County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.