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10375120
10375119

314 Don Fernando St, Taos, NM 87571

Berkshire Hathaway HomeServices Taos Real Estate
Listed by Berkshire Hathaway HomeServices Taos Real Estate
$502,550
1186 days on market
Updated 33 days ago

314 & 314A Don Fernando Street, Taos, New Mexico

Details
Property Type Hospitality, Industrial (+3)
Sub Type Apartment Building, Creative Office (+1)
Square Footage 5,130
Net Rentable (SqFt) 5,130
Units 2
Tenancy Vacant
Broker Co-Op Yes
Year Built 1960, 1980
Year Renovated N/A
Buildings 2
Stories 2
Acreage 0.420
Zoning R-14
Ceiling Height Mixed
Ownership Fee Simple

Commerical/Multi-Family use property in the heart of downtown Taos Historic District

Marketing description

Excellent Investment Opportunity: Prime Commercial/Hospitality Location: With an R-14 Zoning Designation this property creates opportunity for an investor wanting to create and invest in Multi-Unit Housing in the Historic District of Taos, Only 2 Blocks From the Plaza. There are multiple possibilities with this property including Mixed Use, Multi-family, Large Residence, Hostel/Hotel, Bed & Breakfast and Currently Turn-Key Commercial Office Space Near the Heart of the Town of Taos. Formerly used as Commercial Office Space, this property is in need of some updates but is currently turn key for Commercial Office Space Leasing. For an investor willing to spend capital, this property could be updated and remodeled to become Multi-Family Housing or a potential Hotel/Motel/Bed and Breakfast. Town of Taos Zoning and Permitting due diligence for any possible modifications is strongly recommended, or ask your Buyer’s Broker to help assist you with this process. Email Daniel Clements with Berkshire Hathaway HomeServices Taos Real Estate at [email protected] to allow me in assisting your with your inquiries. Whether you want to buy a property to flip or a long-term, income-producing asset to hold, this property is a must buy. Within Walking Distance to the Plaza, those who enjoy this property will access with ease the main Taos area's Restaurants, Shops and Historic Attractions. This Property is fully turn-key for Commercial Office Use and with some modifications and updates, a true Taos Gem awaits.

Investment highlights

The current owners of the property have not leased the property since taking ownership. Before purchasing, the current owners leased the property from the previous owners. Fair Market Value would be the best approach to determining the value of this property. With very little investment for improvements on the front end, this property could generate monthly income while updating the property to bring in a higher monthly revenue. It is currently turn-key for leasing office space.

Listing Contacts

Berkshire Hathaway HomeServices Taos Real Estate
Listed by Berkshire Hathaway HomeServices Taos Real Estate

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