Michelle Smith - Coldwell Banker Legacy
533 Railroad
Las Vegas, NM 87701

Description

Income property in the up-and-coming Railroad District! Located on the corner of Railroad and East Douglas, this building features a c.1375 sq ft commercial/retail space with two entrances - on East Douglas and on Railroad Avenue directly across from the Casteeda. This commercial area has large room with lovely exposed stone walls, 10' ceilings, kitchenette and small "private" area, plus office and additional frontage on Railroad. Property also includes an additional 3 residential rental units with a fantastic occupancy rate that face Douglas Avenue. Upgraded and ready for your business! Or rent out the retail space as well for more income. Possible artist live/work in the retail space if that is what you are looking for. Financials in the file to qualified buyers. Come see!

Details

MLS#20160815
StyleRetail
Sub-TypeResale
StatusActive
Year1940
Days On Site1027

Features

SQ Feet3,125
Story(s)1

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Area Information

StateNM
CountySan Miguel
CityLas Vegas
Zip Code87701
AreaLas Vegas
Listing VS Median (in 87701)
Price:
$265,000
low | high
Med:
$157,500
90.566037735849% of Average
SqFt:
3,125
low | high
Med:
2,074
83.648% of Average
$ / SqFt:
$85
low | high
Med:
$85
49.174574761791% of Average
On Site:
1027
low | high
Med:
571.5
100% of Average
Listing Updated: 12/15/2018
MLS Number: 20160815
Listing Provided By:
ELIZABETH DEMARE  of  HOME LAND PROFESSIONALS