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400 W 1st St 6,589 SF Office Building Portales, NM 88130 $496,000 ($75.28/SF)
INVESTMENT HIGHLIGHTS
- Located at an intersection with traffic light
- Access to property from three streets
- Property encompasses an entire block on 1st Street (US HWY 70)
EXECUTIVE SUMMARY
Former bank building - can be converted to office or retail use.
Property has 3 year deed restriction not allowing banks or financial institutions to occupy the property.
Property has 3 year deed restriction not allowing banks or financial institutions to occupy the property.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
6,589 SF
Building Class
B
Year Built
1966
Price
$496,000
Price Per SF
$75.28
Building Height
1 Story
Typical Floor Size
6,589 SF
Building FAR
0.41
Lot Size
0.37 AC
Zoning
C2 - Community Commercial
1 1
PROPERTY TAXES
| Parcel Number | 100000000417800 | Improvements Assessment | $230,324 |
| Land Assessment | $20,265 | Total Assessment | $250,589 |
PROPERTY TAXES
Parcel Number
100000000417800
Land Assessment
$20,265
Improvements Assessment
$230,324
Total Assessment
$250,589
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400 W 1st St
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