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Listed by Realty One Of New Mexico - Raton
$ 235,000
Est. payment | /mo
0.26 Acres Lot
$ 235,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20233002
HOA Y/N No
Year Built 2005
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Retail
Source NMMLS
Property Description
Prime Commercial Investment Opportunity on Highway 87 Excellent income-producing commercial property located on Highway 87, the busiest road in town, offering outstanding visibility and consistent traffic flow. This well-positioned corner lot provides excellent exposure for any business and includes a dedicated parking lot for convenient off-road parking. The building features over 2,400 square feet of versatile commercial space and has successfully operated as both a restaurant and retail business, offering flexibility for a variety of future uses. Ideally situated just 5 minutes from the I-25 exit, the property is surrounded by established businesses including fast food restaurants, motels, gas stations, and other high-traffic amenities, making it a prime location for continued commercial success. This property is currently leased under a triple net (NNN) lease with a 3-year term, providing an immediate income-producing investment opportunity for buyers seeking a strong location with reliable tenant occupancy. With its high-visibility corner location, strong traffic counts, ample parking, and established commercial history, this property offers endless possibilities for investors and business owners alike. If youre looking for a place to invest along the main business corridor, this is the road to be on.
Location
State NM
County Colfax
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
View Y/N false
Roof Type Pitched
Private Pool No
Others
Tax ID 1135184329503
Acceptable Financing Conventional
Listing Terms Conventional