701 S Richardson Avenue

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701 S Richardson Avenue

Roswell, NM 88201
Asking Price
$435K
Asset Type
Traditional Office Mixed-use
Class
Class B

AI Property Summary

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

  • Located at 701 S Richardson Avenue in Roswell New Mexico
  • Total building footprint measures 15,840 square feet of space
  • Asset type classified as mixed-use with traditional office usage
  • Offered for sale at a price of 435,000 dollars
  • Property situated within the established Roswell commercial district

What's Special

This mixed-use property at 701 S Richardson Avenue spans 15,840 square feet in the city of Roswell. The asset functions as traditional office space and provides versatility for various business operations within this Chaves County hub. Roswell maintains a steady regional economy supported by agriculture, aviation, and tourism, ensuring consistent demand for centrally situated commercial real estate. The layout and scale of the building allow for multiple configurations, making it a functional acquisition for investors or owner-occupants seeking a presence in this New Mexico market. Given the flexible nature of mixed-use assets, the building accommodates professional services, administrative offices, or potential reconfigurations to suit specific business requirements. The property remains well-positioned for those looking to capitalize on the local commercial climate and the established infrastructure of the surrounding downtown area.

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NOI
$80,000
Cap Rate
18.39%
DSCR
3.10
Strong
Cash-on-Cash
41.51%
Monthly Payment
$2,152.143
Annual Cash Flow
$54,174.288

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