Property summary
This exceptional commercial property, located at 211 N Texas St. in Silver City, New Mexico, presents a unique investment opportunity. The 4,085 square foot building sits on a 0.1-acre lot and is currently 100% occupied by four distinct retail businesses: an art gallery, weaving studio, bakery, and pilates studio. Each unit boasts separate utilities (heating, cooling, and restrooms), enhancing tenant independence. The building features beautiful brick construction, high ceilings, and original tin ceiling tiles in two units. Unit B (the bakery) has recently undergone significant improvements, including new flooring, upgraded electrical and lighting, plumbing, floor drains, sewer lines, and a renovated bathroom. Unit C also received sewer upgrades and a new bathroom. All units are equipped with new digital Kwikset door locks. The pilates studio enjoys a private adobe-walled courtyard. This high-visibility corner location, at the intersection of Yankie and Texas Streets, offers exceptional exposure. The property's proximity to the historic Murray Hotel, art galleries, coffee shops, a museum, and restaurants ensures high foot traffic and a vibrant atmosphere. The asking price for this prime retail space is $599,000. This is a rare chance to acquire a thriving, well-maintained commercial property in the heart of Silver City's historic downtown art district. The zip code is 88061.
Property profile
VerifiedCap rate & NOI
Current use
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Art Gallery Art School
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Art Gallery
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Theater & Performing Art Venue
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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