665 518 Highway

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665 518 Highway

Cleveland, NM 87715
Asking Price
$249K
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The mixed-use asset totals 1,887 square feet of building area.
  • Offered at an asking price of $249,000 for interested buyers.
  • Situated directly on Highway 518 within Cleveland, New Mexico.
  • The location provides rural visibility in a mountainous regional setting.
  • The versatile layout accommodates diverse small-scale business or office uses.

What's Special

This mixed-use property in Cleveland, New Mexico, is currently available for sale and presents a functional option for an investor or business owner seeking versatile space. Spanning 1,887 square feet, the building offers a footprint suitable for a variety of small-scale commercial or retail operations. Located on Highway 518, the site benefits from the visibility and accessibility provided by this local thoroughfare. Cleveland is situated within the mountainous terrain of northern New Mexico, a region known for its small-town character and access to natural landscapes. A property of this size and configuration is well-suited for a specialized boutique storefront, a small professional office, or a hybrid residential-commercial setup. Investors focused on rural or emerging markets will appreciate the potential to customize the space to meet specific business needs or neighborhood demand.

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NOI
$80,000
Cap Rate
32.13%
DSCR
5.41
Strong
Cash-on-Cash
87.31%
Monthly Payment
$1,231.916
Annual Cash Flow
$65,217.006

Location & Travel Times