322 Main StClovis, NM 88101

Property Details for 322 Main St

Year built

1914

Lot size

0.08 AC

Property size (Sq ft)

7,000 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a multi-tenant property ideally situated in the heart of downtown Clovis, New Mexico. The 7,000 square foot building sits on a 0.08-acre lot and boasts a strong rental history with consistently high occupancy rates. The property comprises six individual commercial units, ranging in size from 1,425 to 325 square feet, each equipped with its own bathroom. These commercial spaces currently command monthly lease rates between $350 and $715. In addition to the commercial units, the property includes two residential units located upstairs. Each residential unit offers three bedrooms and two bathrooms, recently updated with new kitchens and bathrooms. These units are currently leased at $950 per month. Extensive renovations were completed between 2011 and 2012, bringing the building up to code and significantly enhancing its value. These upgrades included the replacement of all upstairs windows, new flooring throughout the downstairs, complete interior and exterior painting, comprehensive wall and ceiling rehabilitation, the addition of two upstairs kitchens and four upstairs bathrooms, the rehabilitation of five downstairs bathrooms, and the installation of new HVAC, plumbing, and lighting systems throughout the entire building. This meticulously maintained property offers a compelling blend of commercial and residential income streams, presenting a rare opportunity for a solid return on investment in a thriving downtown location. Priced at $430,000.

Location Insight

City

Clovis

County

Curry

State

New Mexico

Latitude

34.4017

Longitude

-103.206

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