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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

27489 Us Highway 70 Glencoe, NM 88324

24,000 SF 11.73 ac lot
Property ID
US61-0353019
Property summary
AI-generated overview

This exceptional 24,000-square-foot multi-use property, situated on 11.7 acres of high desert terrain in Glencoe, New Mexico, presents a remarkable investment opportunity. Located directly on US Highway 70, this property boasts high visibility and easy access. The main building, currently housing a custom furniture maker, offers a versatile layout including manufacturing space, a showroom, offices, a greenhouse, a former distillery tasting room, ample storage, and a warehouse. Three loading docks and fourteen dock-high doors facilitate efficient operations. The 20-foot ceiling height provides ample vertical space. The property also includes a separate on-site residence, two smaller outbuildings (one a 600 sq ft rental apartment, the other a 240 sq ft storage building), and a substantial gated entrance with extensive gravel parking for 55 vehicles. Infrastructure includes a 600-amp substation with three-phase service, a private well, a 10,000-gallon water storage tank, and septic. Currently operating under no zoning restrictions, this property offers endless possibilities for diverse uses, including but not limited to manufacturing, retail, entertainment, warehousing, or even a mixed-use development. The asking price is $2,500,000 ($104.17/sq ft). The seller will consider a sale or a long-term lease with a substantial down payment. This unique property, with its rich history and prime location, presents an unparalleled chance to establish or expand a business in a rapidly growing area of New Mexico. The property's existing infrastructure and versatile layout make it ideal for a wide range of commercial ventures.

Property profile
Verified
Property type Grocery and convenience stores
Total area 24,000 SF
Lot 11.73 ac (510,785 SF)
UPID US61-0353019
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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