801 Douglas Street

$600,000 $725,000

1 of 32

801 Douglas Street

$600,000 $725,000

  • 9472 sqft

Contact Presenting Broker

SIR

Sotheby's International Realty ®

(800) 409-7325

Key Features

  • MLS: 201900580
  • Status: Active
  • Price: $600,000
  • Area: 28-San Miguel Cnty
  • Type: Multi/Mixed Use
  • Acres: 0.17
  • Total Sqft: 9,472

About this Property

$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!

Additional Features

  • Type: Multi/Mixed Use
  • Sewage: City
  • Gas: Natural
  • Days On Market: 461
  • Age: 31+ Years
  • Floor: Carpeting, Tile, Other - See Remarks
  • Construction: Brick

Schools

Listing Brokerage

IDX listing

Jeanne-Marie Crockett

JM Crockett Realty

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The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Sotheby's International Realty ® are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.