107 Main Ave Portales, NM 88130-5909
This exceptional 3,500 square foot retail space, situated on a 0.08-acre lot at 107 S. Main Avenue in downtown Portales, New Mexico, presents a unique opportunity for a variety of businesses. Previously used as a dispensary, the property boasts several attractive features perfectly suited for retail or service-oriented enterprises. The space includes unique display cases, ideal for showcasing merchandise, along with ample office space to manage daily operations. Security is a key feature, with two large safes and a comprehensive security system already in place. A recently installed HVAC system ensures year-round comfort for both employees and customers. The property also offers two bathrooms for convenience. Significant storage is available, including a sizable warehouse area perfect for inventory or equipment, and additional storage space located upstairs in a loft area. This loft space offers further versatility, potentially serving as extra office space or additional display area. The property's prime downtown location ensures high foot traffic and excellent visibility, maximizing exposure for your business. This is a rare opportunity to acquire a well-equipped and strategically located commercial property in the heart of Portales. The asking price is $161,000.
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Trichomez (Bike/Boat/Book/etc) Store
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.