428 2Nd StRaton, NM 87740

  • Other commercial real estate
  • 2,628 SF
For Sale
$169,000 View listing

Property Details for 428 2Nd St

Year built
1989
Lot size
0.19 AC
Property size (Sq ft)
2,628 SF
Property type
Other commercial real estate
APN
1-135-186-298-237
APU
1135186298237

Description

This exceptional 2,628 square foot commercial property, situated on a 0.38-acre lot at 428 N 2nd Street in the heart of Raton, New Mexico, presents a compelling investment opportunity. The building boasts prominent main street frontage, making it highly visible to potential customers. Inside, you'll find a well-maintained office and reception area featuring ample natural light from attractive windows, a single bathroom, and excellent lighting. The shop area is a significant highlight, featuring dual overhead doors, providing convenient access for larger equipment or vehicles. This space is heated and benefits from an updated electrical panel with three-phase capability, catering to a variety of commercial uses. Constructed of durable cinderblock with propanel and rolled roofing, the building is built to last. The property's versatility makes it ideal for a range of businesses, including auto repair, welding, woodworking, or any operation requiring large overhead doors. Its location in beautiful downtown Raton adds to its appeal. Furthermore, this property is located within an Opportunity Zone, offering potential tax advantages for qualified investors. This is a rare opportunity to acquire a well-maintained, versatile commercial space in a desirable location. Don't miss out!

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $657,963
    Hospitality
    $602,691
    Educational
    $501,432
    Medical
    $518,677
    Retail
    $780,005
428 2Nd St, Raton, New Mexico

Location Insight

City
Raton
County
Colfax
State
New Mexico
Latitude
36.9061
Longitude
-104.439

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$755
$5,575
$23,012
$28,587
-
$16,725
$69,037
$85,762

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