Description

Located along North Prince Street, one of the main commercial corridors in Clovis, this approximately 1,600-square-foot investment property presents a strong income-producing opportunity with an 8% cap rate and stable cash flow from an existing tenant paying $1,600 per month plus NNN expenses through August 2029. The property enjoys excellent visibility and frontage near the intersection of North Prince Street and East Manana Boulevard, which sees nearly 18,000 vehicles daily, while also benefiting from close proximity to NM Highway 60, a major regional route supporting eastern New Mexico’s agricultural, logistics, and military-driven economy centered around Cannon Air Force Base and the greater Clovis trade area. Situated on approximately 0.11 acres with CG – Commercial General zoning, the site includes utilities already in place, convenient ingress and egress access, and roughly 10 on-site parking spaces. The interior layout is well designed for retail or service-oriented use, featuring a reception area, open showroom space, manager’s office, inventory/storage room, and two restrooms. Supported by strong surrounding demographics that include a population of more than 38,000 residents within a five-mile radius, average household incomes exceeding $70,000, and over 16,000 daytime employees, the property offers investors a dependable and well-positioned asset within the eastern New Mexico market.