600 Woodrow AveRaton, NM 87740

Property Details for 600 Woodrow Ave

Lot size

2.28 AC

Property size (Sq ft)

3,200 SF

Property type

Commercial real estate

APN

1-135-184-036-092

APU

1135184036092

Description

This exceptional Raton, NM commercial property presents a unique investment opportunity. Located at 600 Woodrow Ave, this 3.5-acre lot features two steel buildings totaling 3,600 square feet, ideal for a variety of uses. The first building, encompassing 2,400 square feet, offers a blend of office and warehouse space, complete with a restroom. The second building, a 1,200 square foot shop, is perfectly suited for semi-tractor repair and maintenance. Both buildings boast large overhead doors for convenient access to ample space. The property is secured by a perimeter fence and includes six parking spaces. Built in 1960, the property is zoned for Light Industrial use, offering flexibility for diverse business ventures. The asking price is $260,000, translating to $72.22 per square foot. The property's location in Colfax County, New Mexico, zip code 87740, provides easy access to key transportation routes. This versatile property offers a compelling combination of office, warehouse, and shop space, making it an attractive investment for discerning buyers. The APN is 1135184036092. This is a rare opportunity to acquire a well-maintained, spacious commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $793,276

  6.5%

  $732,255

  7%

  $679,951

• Comparable approach

  Method

  Valuation

  Relative Method

  $264,384

  Geo Method

  $264,384

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,466,720

  Retail / Commercial

  $747,217

  Mixed-Use / Specialty

  $740,685

  Hospitality / Lodging

  $538,380

  Office

  $732,255

  Institutional / Educational

  $768,631

  Residential Income

  $899,298

  Multifamily

  $1,100,020

  Automotive / Energy

  $658,826

  Parking / Income-Based Land

  $231,175

  Restaurant / Food Service

  $376,979

  Healthcare / Senior Housing

  $763,526

Location Insight

City

Raton

County

Colfax

State

New Mexico

Latitude

36.873

Longitude

-104.448

Property Tax & Assessments

FAQs

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