1628 Silver Heights BlvdSilver City, NM 88061
- Office properties
- 1,766 SF
Property Details for 1628 Silver Heights Blvd
- Year built
- 1958
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 1,766 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 3-081-102-085-433
- APU
- 3081102085433
Description
This exceptional commercial property, located at 1628 Silver Heights Boulevard in Silver City, New Mexico, presents a unique investment opportunity. Situated on a substantial 10,454.4 square foot lot, this versatile building, constructed in 1958, boasts high visibility and high traffic due to its prime location on Highway 180. The property features a main building that has served as a successful real estate office since 1991, offering ample space for various commercial uses. The interior includes three conveniently located bathrooms, catering to diverse business needs. The property also includes a large parking lot and a separate storage building, providing additional convenience and functionality. Recent upgrades include fresh exterior paint and new carpeting installed in 2022. A lighted marquee offers excellent advertising potential. The adaptable layout allows for a single large office space accommodating up to ten desks, or it can be easily configured into three independent offices, each with its own private entrance and bathroom. A security system is included with the sale. City utilities are readily available. This property's combination of location, size, and recent improvements makes it an ideal investment for a variety of commercial ventures. The zip code is 88061.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $174,982
- 6.5%
- $161,522
- 7%
- $149,985
-
Comparable approach
- Method
- Valuation
- Relative Method
- $293,862
- Geo Method
- $293,862
-
Alternative Use
- Use
- Valuation
- Residential
- $200,287
- Hospitality
- $183,462
- Educational
- $152,638
- Medical
- $157,888
- Retail
- $237,438
Location Insight
- City
- Silver City
- County
- Grant
- State
- New Mexico
- Latitude
- 32.7819
- Longitude
- -108.272
- CBSA code
- 43500
- CBSA name
- SILVER CITY, NM MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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