Heidi Helm / Dermot Monks
Office: 505.982.4466
Cell: 505.930.7020, 505.470.063
801 Douglas Street, Las Vegas
$600,000
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
Price$600,000
Square Footage9,472
Acres0.17
Year Built1926
TypeCommercial Building
Sub-TypeMulti/Mixed Use
StatusActive
Community Information
Address801 Douglas Street
Area28-San Miguel Cnty
CityLas Vegas
CountySan Miguel
StateNew Mexico
Zip Code87701
Parking
Parking Area, Paved, Street Parking, Parking Garage
Interior
Carpeting, Other - See Remarks, Tile
Exterior
Lot Description80' x 94'
RoofMetal - Propanel
ConstructionBrick
Additional Information
Date ListedFebruary 19th, 2019
Days on Market581
ZoningC-2
RE / Bank OwnedYes
Listing Office: JM Crockett Realty
Property History
Price Reduced from $725,000 to $600,000
Price Reduced from $825,000 to $725,000
LISTING MAP
The data relating to real estate for sale in this Website comes in part from the Internet Data Exchange ("IDX") program of Santa Fe Association of REALTORS®, Inc. from a copyrighted compilation of listings. Real estate listings held by brokers other than Santa Fe Properties are marked with the IDX Logo. All data in this Website is deemed reliable but is not guaranteed accurate, and should be independently verified. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All Rights Reserved.