1001 Pope St Silver City, NM 88061-5161
This 1,568-square-foot commercial property, located at 1001 N Pope St in Silver City, New Mexico, presents a unique investment opportunity. Built in 1930 and renovated six years ago, this single-story building offers versatile space suitable for a variety of uses, having previously served as both a real estate office and a retail store. The property boasts a desirable downtown location, conveniently situated next to a medical facility and numerous restaurants and businesses, ensuring high visibility and foot traffic. The building includes ten parking spaces, a significant advantage in a busy urban setting. Security measures are already in place, providing peace of mind for occupants and their assets. The interior layout is well-designed, featuring a spacious front room ideal for a reception area, four private offices, two bathrooms, and a convenient kitchenette. The property is zoned for commercial use and offers a compelling combination of historical charm and modern functionality. The asking price is $250,000. This property is ready for immediate occupancy and presents a strong return on investment potential. The property's central location and versatile layout make it an attractive option for a wide range of businesses. With its existing security features and ample parking, this property offers a complete and ready-to-use commercial space.
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Hms/ Freeport Partnership Oil & Natural Gas Company
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.