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Listed by FUTURE REAL ESTATE RUIDOSO LLC
$ 3,825,000
Est. payment | /mo
4.95 Acres Lot
$ 3,825,000
Est. payment | /mo
4.95 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26001093
HOA Y/N No
Year Built 1957
Annual Tax Amount $29,253
Lot Size 4.950 Acres
Acres 4.95
Property Sub-Type Retail
Source NMMLS
Property Description
1000 S. Main Street is a 57,145 SF single-tenant retail building situated on a 4.9469-acre (215,487 SF) site at the southwest corner of S. Main Street (NM State Highway 285) and W. Summit Street in Roswell, New Mexico. Built in 1957 and most recently home to an Ashley Furniture HomeStore, the building underwent a $1,169,000 remodel in 2019, a $438,644 HVAC system replacement in 2022, and a new roof in 2026 (approximately $500,000, with a 5-year warranty). The property is zoned C-2, Community Commercial District by the City of Roswell, a designation intended for higher-intensity commercial development with larger trade-area floor area and traffic generation, and one that permits a broad range of retail and service uses. The building is a single-story steel-frame and masonry structure with a brick veneer exterior, offering approximately 40,000 SF of finished showroom space plus roughly 17,000 SF of office, storage, and shipping/receiving/auto-service area, two exterior loading docks, and 360 on-site parking spaces (6.3 spaces per 1,000 SF). The site carries 315.50' of frontage along S. Main Street and 683.00' along W. Summit Street, with one curb cut plus a median cut providing northbound access on Main Street and two curb cuts on Summit Street. All municipal utilities including water, sewer, electricity, natural gas, and telephone/internet are available to the site, which is level, at street grade, and located in FEMA Flood Zone X, outside the 100-year floodplain. The property fronts one of Roswell's busiest commercial corridors: NMDOT recorded 18,926 vehicles per day (2025) immediately adjacent at S. Main Street and McGaffey Street. The surrounding neighborhood is approximately 95% developed with a mix of commercial, retail, office, medical, and residential uses, and includes the Roswell Central Business District. Nearby demand generators include an adjacent Albertsons-anchored retail center, plus Walmart Supercenter, Target, and O'Reilly Auto Parts within the broader corridor. An independent appraisal by SMS Appraisal/Environmental Services, Inc. (Steven M. Sparks, MAI; effective July 24, 2026) concluded an "As Is" Fee Simple Market Value at the current list price.
Location
State NM
County Chaves
Exterior
View Y/N false
Private Pool No
Others
Tax ID 4-135-062-523-403-00