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    OFF-MARKET
    Commercial real estate

    503 Higuera Ave, Tularosa, NM 88352

    1,296 SF 0.81 ac lot
    Property ID
    US61-0531141
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 503 Higuera Ave. in Tularosa, New Mexico, presents a unique investment opportunity. Situated on a sizable 0.806-acre lot, the 1,296 square foot building offers significant potential for a variety of uses. Previously utilized as a church, the main floor features a spacious sanctuary complete with blue fabric/wood pews and a piano, all of which remain with the property. The lower level includes several rooms ideal for classrooms or other activity spaces. A separate storage building is also included on the property. A manufactured home was previously located on a portion of the lot, but has since been removed. The property is conveniently located just one block from the main thoroughfare in Tularosa, offering excellent visibility and accessibility. Ample parking is available on-site. The asking price for this versatile property is $110,000, making it an attractive proposition for entrepreneurs and investors seeking a unique commercial space in a desirable location. The property's zoning and permitted uses should be verified independently. The zip code is 88352, and the property is in Otero County.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 1,296 SF
    Lot 0.81 ac (35,109 SF)
    UPID US61-0531141
    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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