400 2Nd StRoswell, NM 88201

Property Details for 400 2Nd St

Year built

1980

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional commercial property, located at 400 W 2nd Street in Roswell, New Mexico, presents a unique investment opportunity. The property encompasses a sizable 32,000 square foot lot, featuring an 8,368 square foot office building currently divided into three leasable spaces. The building was constructed in 1980. The site boasts excellent visibility and accessibility, situated at the intersection of W. Second Street and Kentucky Avenue, a central Roswell location. The rectangular lot offers 160 feet of frontage on W. Second Street and a depth of 200 feet along N. Kentucky Avenue, with an alley providing convenient access. The land is level and entirely usable. The northern portion of the property (Lots 1-3) is zoned C-4 Westside Business District, allowing for diverse commercial development. The southern portion (Lot 4), currently a gravel parking area, is zoned R-3 Residential. This versatile property offers significant potential for redevelopment or continued operation as a multi-tenant office complex. The asking price is $1,250,000. This is a rare opportunity to acquire a substantial commercial property in a thriving New Mexico city. The property's central location and flexible zoning make it ideal for a variety of commercial uses.

Location Insight

City

Roswell

County

Chaves

State

New Mexico

Latitude

33.394

Longitude

-104.528

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