801 Douglas Street, Las Vegas


0 Beds
0 Baths
9,472 Sqft
.17 Acres
0 Garages

$125K price drop; priced well below appraisal! Excellent commercial investment opportunity in the heart of Main Street corridor in historic Las Vegas, NM! Zoned C-2, this 9472 sf brick 2-story historic building plus full finished basement & detached garage sits on a 7500 sf corner lot close to Highlands Univ, Lincoln Park, Railroad District, & Plaza Park. This desirable highly visible location is midway between the Historic Plaza & La Castaneda hotels & within a block of popular restaurants, banks, shopping & Highlands University. Historically, property housed mortuary, apartments, & offices, an excellent location for gallery, restaurant, recreation or entertainment venue, retail, or additional apartments. Six tenant-occupied apartment units with rents ranging from $475 to $900 per month; remainder of building is vacant. Building consists of 4736 sf 1st floor, 4736 sf 2nd floor, and 4736 sf basement. Appraised potential gross rental income (entire building) is $87,120 per year!

Listing Details
AgentJeanne-marie Crockett
OfficeJM Crockett Realty
Essential Information
MLS® #201900580
Square Footage9,472
Year Built1926
TypeCommercial Building
Sub-TypeMulti/Mixed Use
Community Information
Address801 Douglas Street
Area28-San Miguel Cnty
CityLas Vegas
CountySan Miguel
StateNew Mexico
Zip Code87701

Parking Area, Paved, Street Parking, Parking Garage


Carpeting, Other - See Remarks, Tile

Lot Description80' x 94'
RoofMetal - Propanel
Additional Information
Date ListedFebruary 19th, 2019
Days on Market581
RE / Bank OwnedYes
Listing Broker:Jeanne-marie Crockett
Listing Office: JM Crockett Realty
Property History
Price Reduced from $725,000 to $600,000
Price Reduced from $825,000 to $725,000

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