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$ 800,000
Est. payment /mo
Price Dropped by $700K
208 N Main Street Roswell, NM 88201
26,696 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 26,696 sqft
Price per Sqft $29
MLS Listing ID 20260483
Year Built 1948
Annual Tax Amount $4,871
Tax Year 2025
Lot Size 0.613 Acres
Lot Dimensions 13468.000
Property Sub-Type Commercial
Property Description
Positioned in the heart of downtown just one block south of the high-traffic UFO Museum, this 26,629± SF commercial asset offers immediate cash flow with significant value-add and redevelopment upside. Situated on 13,468± SF of land, the property's scale, layout, and location make it a rare downtown investment. Current Income & Tenant Mix First Floor | 208 N Main 39 booth-style tenants Month-to-month leases, providing maximum flexibility Producing positive in-place cash flow Opportunity to re-tenant, reconfigure, or reposition to increase NOI 204 N Main Included under the same legal description Currently leased at $1,000/month Provides stable baseline income with future expansion potential Second Floor – Upside Potential Accessed via a rear elevator Direct access from rear parking lot Additional on-street parking on Main Street Ideal for conversion to: Office or co-working Creative studios Event or entertainment space Short-term or mixed-use concepts (subject to zoning) Investment Highlights Immediate cash flow with low rollover risk Flexible lease structure allows for rapid repositioning Multiple income streams under one asset Prime downtown location with consistent foot traffic Value-add opportunity through lease-up, rent optimization, or redevelopment Scarcity asset—few comparable properties of this size downtown This property is well-suited for investors seeking current yield with long-term appreciation, or owner-users looking to capitalize on downtown growth while offsetting ownership costs with income. Rarely does a downtown asset offer this combination of scale, income, flexibility, and upside.
Location
State NM
County Chaves County
Area New Mexico Mls
Listed by eXp REALTY, LLC