511 2Nd St Roswell, NM 88201
This exceptional Roswell, NM commercial property presents a rare investment opportunity. Located at 511 E 2nd Street, this 1.125-acre lot features a 9,108 sq. ft. building constructed in 1955, offering diverse commercial, warehouse, manufacturing, and storefront potential. The property boasts a prime corner location with high traffic counts, enhanced by additional fenced land west of the main structure. A new roof was installed approximately in 2018. All existing outside buildings are included in the sale. The asking price is $499,900. The seller requires a six-month leaseback at $2,000 per month to facilitate the dispersal of assets. Zoning information should be verified with the city. Note that adjacent properties at 524/520 E 3rd St. are available for separate purchase, offering the potential to expand the property significantly. This creates a unique opportunity to acquire a substantial corner lot in a high-traffic area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.