Property summary
This exceptional Silver City, New Mexico retail property, located at 109 Bullard Street, presents a unique investment opportunity. Built in 1930, this landmark building sits on a substantial 6,534 square foot lot and offers a blend of commercial and residential income streams. The ground floor comprises five separate retail spaces, ideal for a variety of businesses, generating consistent rental income. Above the commercial units, four apartments provide additional revenue potential. The property's prime location in downtown Silver City ensures high visibility and accessibility for both retail tenants and apartment residents. The asking price is $425,000, representing a compelling entry point into the thriving Silver City market. This is a chance to acquire a historically significant property with proven income generation and significant upside potential. The property's age and character offer a unique charm, attracting both tenants and customers. The substantial lot size also presents possibilities for future expansion or redevelopment, subject to local zoning regulations. This is a rare opportunity to own a piece of Silver City's history while securing a strong financial return. The property is situated in Grant County, New Mexico, zip code 88061.
Property profile
VerifiedCap rate & NOI
Current use
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Health Counselor
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Department Store
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Art Gallery
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Discount Store (Bike/Boat/Book/etc) Store
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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