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Property profile & analytics
OFF-MARKET
Retail space

511 2Nd St Roswell, NM 88201

1.13 ac lot Built 1955
Property ID
US61-0530777
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Year built 1955
Lot 1.13 ac (49,005 SF)
UPID US61-0530777
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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