Property summary
This exceptional commercial property, located at 929 N Canal Street in Carlsbad, New Mexico, presents a unique investment opportunity. The property, built in 1925, sits on a substantial 9,000 square foot lot and offers a versatile blend of land and building space, ideal for a variety of commercial uses. The existing building boasts approximately 1600 square feet of usable space, perfectly suited for retail or office operations. The interior layout includes six individual office spaces, providing ample room for a growing business or multiple tenants. Convenience is enhanced by the inclusion of two restrooms, a dedicated kitchen area, and a basement offering valuable additional storage space. A privacy counter in the front lobby area adds a professional touch. The property's high visibility location on North Canal Street ensures excellent exposure to potential customers and clients. Priced at $325,000, this turnkey property represents a compelling investment in a thriving New Mexico community. The property's size and features make it an attractive option for entrepreneurs and investors alike, offering both immediate occupancy and significant long-term potential. Don't miss this chance to acquire a well-established commercial property in a desirable location. The property is zoned for commercial use and is ready for immediate occupancy. The address is 929 N Canal Street, Carlsbad, NM 88220.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice
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Freight Service Logistics Company
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Accounting Firm Tax Preparation
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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