823 Santa Fe Ave Grants, NM 87020-2458
This exceptional commercial property, situated at 823 Santa Fe Avenue in Grants, New Mexico, presents a unique investment opportunity. Boasting a prominent location directly on Route 66, this 2,206 square foot building offers high visibility and excellent accessibility. The property sits on a 0.2-acre lot, providing ample space for potential expansion or outdoor uses. Historically operated as a laundromat, the building's versatile layout and substantial square footage lend themselves to a wide range of commercial ventures. The interior is ready for customization to suit the needs of a new business. The property's prime location on a major thoroughfare ensures high traffic volume, providing significant exposure for any enterprise. This is an ideal opportunity for entrepreneurs seeking a well-positioned space to establish or expand their business within a thriving community. The asking price of $88,500 makes this a compelling investment prospect. Serious inquiries are encouraged to explore the full potential of this remarkable property. Don't miss this chance to capitalize on the vibrant energy of Route 66 and the growing Grants market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.