215 E 2nd Street

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215 E 2nd Street

Portales, NM 88130
Asking Price
$299K
Asset Type
Mixed-use
Class
Class B

AI Property Summary

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

  • Located at 215 E 2nd Street in Portales, New Mexico.
  • The building features 2,718 square feet of mixed-use space.
  • This asset is currently available for purchase at $299,000.
  • Flexible property design supports various retail and office configurations.
  • Positioned within a central commercial area of the local market.

What's Special

Portales serves as an integral hub in eastern New Mexico, supported by a stable agricultural and educational landscape. Situated at 215 E 2nd Street, this 2,718 square foot mixed-use asset benefits from its placement within a local commercial corridor. The property offers flexible layout configurations suitable for diverse investment strategies, ranging from retail storefronts to office or residential components. Investors and business owners seeking a foothold in this growing regional market will find the site provides functional space for various operational needs. The building structure accommodates multiple potential uses, allowing for a strategic blend of business activities or income-producing lease opportunities. Its location provides accessibility for local clientele, making it a practical addition for those looking to capitalize on the steady economic activity characteristic of this New Mexico municipality.

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NOI
$80,000
Cap Rate
26.76%
DSCR
4.51
Strong
Cash-on-Cash
69.40%
Monthly Payment
$1,479.289
Annual Cash Flow
$62,248.534

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