400 2Nd St Roswell, NM 88201
- Retail space
Current Use by Public Records
- IIR Property Management / Property Management Company
- Roswell Transit side routes / City Department Of Transportation
- KASANDRA L GEESLIN, CENTURY 21 HOME PLANNING ROSWELL / Real Estate Agent
- Jennifer Lewis - NMLS# 1784199 | Gold Financial Services / Mortgage Lender
- Gold Financial Services / Mortgage Lender
Property Details for 400 2Nd St
- Year built
- 1980
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional commercial property, located at 400 W 2nd Street in Roswell, New Mexico, presents a unique investment opportunity. The property encompasses a sizable 32,000 square foot lot, featuring an 8,368 square foot office building currently divided into three leasable spaces. The building was constructed in 1980. The site boasts excellent visibility and accessibility, situated at the intersection of W. Second Street and Kentucky Avenue, a central Roswell location. The rectangular lot offers 160 feet of frontage on W. Second Street and a depth of 200 feet along N. Kentucky Avenue, with an alley providing convenient access. The land is level and entirely usable. The northern portion of the property (Lots 1-3) is zoned C-4 Westside Business District, allowing for diverse commercial development. The southern portion (Lot 4), currently a gravel parking area, is zoned R-3 Residential. This versatile property offers significant potential for redevelopment or continued operation as a multi-tenant office complex. The asking price is $1,250,000. This is a rare opportunity to acquire a substantial commercial property in a thriving New Mexico city. The property's central location and flexible zoning make it ideal for a variety of commercial uses.
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
- -104.5278782
- Latitude
- 33.3940216
