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123 W 2nd St 4,425 SF 100% Leased Office Building Portales, NM 88130 $385,291 CAD ($87.07 CAD/SF)
Investment Highlights
- Established medical office building in downtown Portales.
- Corner signage provides visibility along a prominent downtown intersection.
- Functional layout includes reception, office, and support areas.
- Features nine private offices supporting a variety of healthcare and professional uses.
- Multiple treatment and exam rooms equipped with sinks.
- On-site parking accommodates staff and visitors.
Executive Summary
123 W 2nd Street offers an opportunity to acquire a medical office property in downtown Portales, New Mexico. The building is configured for healthcare and professional office use, featuring multiple medical exam or treatment rooms with sinks, general office areas, reception space, restrooms, and support areas that can accommodate a variety of medical, wellness, therapy, or professional service users.?
Positioned within Portales' central business district, the property benefits from proximity to local government services, established commercial businesses, and Eastern New Mexico University, a significant regional institution that contributes to the area's workforce and daily activity. The downtown location provides convenient access to the surrounding community while maintaining visibility from a corner setting with on-site signage opportunities.
The asset may appeal to owner-users seeking a medical or professional office presence, as well as investors evaluating an existing office property in a market with limited medical office inventory. Functional medical infrastructure, multiple treatment and office areas, and an established downtown location provide flexibility for a range of healthcare and professional service operations. The building's layout supports continued medical occupancy while also offering adaptability for related office uses, counseling services, administrative operations, or specialty healthcare practices.?
Positioned within Portales' central business district, the property benefits from proximity to local government services, established commercial businesses, and Eastern New Mexico University, a significant regional institution that contributes to the area's workforce and daily activity. The downtown location provides convenient access to the surrounding community while maintaining visibility from a corner setting with on-site signage opportunities.
The asset may appeal to owner-users seeking a medical or professional office presence, as well as investors evaluating an existing office property in a market with limited medical office inventory. Functional medical infrastructure, multiple treatment and office areas, and an established downtown location provide flexibility for a range of healthcare and professional service operations. The building's layout supports continued medical occupancy while also offering adaptability for related office uses, counseling services, administrative operations, or specialty healthcare practices.?
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,425 SF
Building Class
C
Year Built
1940
Price
$385,291 CAD
Price Per SF
$87.07 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
4,425 SF
Building FAR
1.02
Lot Size
0.10 AC
Parking
8 Spaces (1.81 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Smoke Detector
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 100000000606500 | Improvements Assessment | $141,501 CAD |
| Land Assessment | $4,687 CAD | Total Assessment | $146,188 CAD |
Property Taxes
Parcel Number
100000000606500
Land Assessment
$4,687 CAD
Improvements Assessment
$141,501 CAD
Total Assessment
$146,188 CAD
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123 W 2nd St
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