Skip To Content

801 Douglas Street

Las Vegas, NM 87701
  • $600,000
  • STATUS: Active
  • ON SITE: 892 days
  • MLS #: 201900580
Foreclosure
UPDATED: 24 min ago
$600,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,472
    SQFT
  • $63
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1926
County:

School Ratings & Info

Description

$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!

Monthly Payment Calculator



© 2021 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. 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 Neil Lyon Group | Sotheby's International Realty are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively 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. Data last updated 2021-07-31T19:51:48.113.
www.homesinsantafenm.com/homes/91979213
Print Image

801 Douglas Street Las Vegas, NM 87701

  • Price: $600,000
  • Status: Active
  • Updated: 24 min ago
  • MLS #: 201900580
0
Beds
0
Baths
0
½ Baths
0.17
Acres
9,472
SQFT
$63
$/SQFT
1926
Built
Neighborhood:
28-San Miguel Cnty
County:
San Miguel
Area:
28-San Miguel Cnty
Property Description
$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!
Exterior Features

Access Type Historic Construction Brick Parking Facilities Parking AreaParking GaragePavedStreet Parking Roof Metal - Propanel

Interior Features

Floor CarpetingOther - See RemarksTile Sq Ft Total Building 5000+

Property Features

Approximate Age 31+ Years Authority Other - See Remarks Bank Owned Yes Building Use CommercialGalleryHotel/Motel/HospitalityLive/WorkMedicalOfficeOther - See RemarksRestaurantRetail Commercial Type Multi/Mixed Use Documents On File Legal Description Electric Public Estimated Future Tax 10229 Gas Natural High Speed Available DslWireless Lease Type Other - See Remarks Lot Size Source Appraiser Owner Pays Other - See Remarks Possession Sub To Tenant RightsUpon Funding Sewage City Sq Ft Source Appraiser Tax Year 2018 Taxes 3438.44 Telephone Landline On-Site Tenant Pays Other - See Remarks Terms CashConventional Water City Zoning C-2

Listing provided courtesy of Jeanne-Marie Crockett of Jm Crockett Realty. © 2021 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


© 2021 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. 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 Neil Lyon Group | Sotheby's International Realty are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively 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. Data last updated 2021-07-31T19:51:48.113.
 
https://bt-photos.global.ssl.fastly.net/santafe/1280_boomver_1_201900580-2.jpg https://bt-photos.global.ssl.fastly.net/santafe/1280_boomver_1_201900580-2.jpg https://bt-photos.global.ssl.fastly.net/santafe/1280_boomver_1_201900580-2.jpg
Logo
Neil Lyon Group | Sotheby's International Realty
326 Grant Ave.
Santa Fe NM, 87501