Former US Bank Branch

Highlights:

• High-traffic location with strong visibility
• Flexible zoning for a variety of commercial uses
• Ample parking and multiple access points
• Close to major educational and community institutions
• Ideal for retail, office, or mixed-use development

Description:

Ri Marketplace Online Auction November 18th-20th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2762/former-us-bank-branch?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2762

NAI 1st Valley in conjunction with RIM Marketplace are pleased to present 401 W 1st Street, Portales, NM (The Property). The property presents a prime opportunity for redevelopment in a high-visibility, high-traffic area. Situated on approximately 0.99 acres, this former bank building occupies an entire block along 1st Street (US Highway 70)—one of the busiest thoroughfares in the city—with a traffic count of 17,134 vehicles per day according to NMDOT (2023). The site features 24 dedicated parking spaces and is zoned C2, allowing for a wide range of commercial uses including office or retail conversion. Its strategic location at a signalized intersection and access from three surrounding streets enhances both visibility and accessibility. Additionally, the property is located less than a mile from Eastern New Mexico University, making it an ideal site for businesses seeking proximity to a major educational institution and steady foot traffic. With its flexible layout and prominent location, this property offers significant potential for investors and developers alike.


Lorraine Sachs Garcia
c/o Fisher Auction Company Inc.
License: 19301
License No. 19355
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: