1628 Silver Heights BlvdSilver City, NM 88061

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 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.

• 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

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