109 S Main Avenue

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109 S Main Avenue

Portales, NM 88130
Asking Price
$255K
Asset Type
Mixed-use
Class
Class B

AI Property Summary

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

  • The property is currently available for purchase at $255,000.
  • This mixed-use building offers a total of 6,000 square feet.
  • The asset is located at 109 S Main Avenue in Portales.
  • Portales supports a stable economy driven by university and agricultural ties.
  • The layout serves as an option for retail or office businesses.

What's Special

Priced at $255,000, this 6,000 square foot mixed-use property occupies a central position at 109 S Main Avenue in Portales, New Mexico. The structure provides versatile floor space suitable for a variety of business operations, including retail storefronts, office suites, or service-based enterprises. Portales serves as a stable regional hub, anchored by the presence of Eastern New Mexico University and a resilient agricultural sector. Investors and owner-users can capitalize on the asset's flexible layout to accommodate diverse tenant profiles or proprietary business needs. The location benefits from the steady economic environment found in this portion of the state, offering proximity to local thoroughfares that connect the community to the broader Roosevelt County region. This asset represents a functional real estate solution for those seeking a foothold in an established municipal corridor.

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NOI
$80,000
Cap Rate
31.37%
DSCR
5.28
Strong
Cash-on-Cash
84.79%
Monthly Payment
$1,261.601
Annual Cash Flow
$64,860.79

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