200 W 1st Street Active Save Request In-Person Tour Request Virtual Tour
Roswell,NM 88201
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 71,526 sqft
Price per Sqft $20
MLS Listing ID 20251990
Year Built 1932
Annual Tax Amount $8,184
Tax Year 2024
Lot Size 1.642 Acres
Property Sub-Type Commercial
Property Description
The building is currently being used as a office building. Just a block down and across the street from the UFO Museum is a stoic icon of the town - The Petroleum Building. In the heart of downtown, the building was Roswell's first tall building and has experienced almost 75 years of the town's growth and changes. It has a deep history with the residents. The building is the 3rd highest in town and offers unobscured views for miles in all directions from any of the upper floors. The building structure is in excellent shape, and the roof is only 10-years old. With a full interior renovation, this building will be primed for new life as the town grows and evolves. The columnar construction makes it an excellent candidate for practically any interior layout, including spacious open plans. Conversion to short and long-term residences, hotel units, health and wellness studios, restaurants and entertainment venues are all possible. The building boasts over 60,000 sf of convertible space across its 8 floors, and offers significant basement space available for mechanicals, tenant storage or further development. Beyond this iconic building, the property offers something incredible - four empty downtown lots just waiting to be developed. Three contiguous lots just across Richardson Street allow for future deThe large lot adjacent to the South side of the building presents an excellent opportunity for solar covered parking structures, a building annex, pool, childrens' play area, garden patio,velopment of additional buildings, parking structures, extended solar generation capacity, an entertainment venue... The potential of open space in the heart of Roswell is limited only by a developer's imagination.
Location
State NM
County Chaves County
Area New Mexico Mls
Interior
Inclusions Building,Land
Exterior
Utilities Available Electricity,Sewer,Water-City,Cable,Phone
Roof Type Flat
Building
Structure Type Brick