1804 College Blvd Roswell, NM 88201
- Commercial real estate
- 6,303 SF
- 9.46 lot acres
Current Use by Public Records
- OKO Tire Sealants / Rubber Products Supplier / Auto Parts Store
Property Details for 1804 College Blvd
- Year built
- 1993
- Lot size
- 9.46 lot acres
- Property size
- 6,303 SF
- Property type
- Commercial real estate
Description
This exceptional 9.46-acre property in Roswell, New Mexico, presents a unique investment opportunity. The main residence, a Santa Fe-style home, boasts 3,888 square feet, including a separate 1,100-square-foot guest quarters. Three additional homes, totaling approximately 2,415 square feet, generate a current monthly rental income of $3,200. The guest quarters offer significant additional rental potential, projected at over $4,000 per month. The property also includes a well installed within the last two years and an extensive underground irrigation system with eleven water valve risers. The 6,303-square-foot total area (per tax records) sits on land with designated 5+ acres of Senior Artesian Water Rights (circa 1908). All rental homes are fully furnished and currently leased. Farming income is also possible. Note that a Special Use Permit from Chaves County Extra Territorial Zoning is required every three years for retreat center/community garden use. This property offers a blend of residential comfort and substantial income potential, making it an ideal owner-user investment. The property includes 20 parking spaces. The asking price is $950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roswell
- County
- Chaves
- State
- New Mexico
- Longitude
- -104.49741549966
- Latitude
- 33.408685915523
