101 Argyle St Hagerman, NM 88232
This exceptional investment opportunity presents a 14,810.4 square foot lot located at 101 E. Argyle Street in Hagerman, New Mexico, zip code 88232. The property, built in 1950, is classified as Special Purpose land with commercial zoning. Previously utilized as a grocery store, the site offers significant potential for redevelopment or repurposing. The asking price is $170,000. The property's substantial size and its history as a vital community resource make it an attractive proposition for entrepreneurs seeking to revitalize a local business. Its central location in Hagerman offers easy access to the town's residents and surrounding areas. This is a unique chance to contribute to the economic growth of Hagerman while securing a potentially lucrative investment. The property's past use as a grocery store suggests a strong foundation for a similar venture, or it could be adapted to suit a variety of commercial needs. Serious inquiries are encouraged to explore the possibilities this property offers. Further details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.