503 Higuera Ave, Tularosa, NM 88352
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
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