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    OFF-MARKET
    Showrooms

    109 Bullard St, Silver City, NM 88061-5313

    8,974 SF 0.1 ac lot Built 1920
    Entity Owned Free & Clear
    Property ID
    US61-0392584
    Property summary
    AI-generated overview

    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
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1920
    Total area 8,974 SF
    Lot 0.1 ac (4,269 SF)
    APN 3-081-103-208-382
    UPID US61-0392584
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Good Life Wellness Health Counselor
    • Otter Chaos LLC Department Store
    • Studio Space & Gallery Art Gallery
    • Dandelion Wish Discount Store (Bike/Boat/Book/etc) Store
    • 🌺 100 minute Healing Massage & Body Therapies Alternative Medicine Practice Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    HOME GAS & EQUIPMENT CO
    HOME GAS & EQUIPMENT CO
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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