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1805 paseo del pueblo sur, Ranchos de Taos, NM 87577

Berkshire Hathaway HomeServices Taos Real Estate
Listed by Berkshire Hathaway HomeServices Taos Real Estate
$1,045,000
341 days on market
Updated 68 days ago

Valerio Plaza Units 1805, 1803 & 1807

Details
Property Type Mixed Use, Office (+1)
Sub Type Storefront
Square Footage 10,000
Units 5
Cap Rate 100.00%
Occupancy 75%
Tenancy Multi
Lease Type Modified
Lease Expiration 10/01/2025
Year Built 1970
Buildings 5
Stories 2
Acreage 1.040
Zoning MULTI
Parking Spaces 25 spaces
Parking Per SqFt 2.50

Apartments, Storefront and Mixed-Use Investment Property

Marketing description

An Exceptional Investment Opportunity in a GREAT Location- With room for Lots of Potential to Improve this gem!

****. Units can be bought together or separately *****

Units 1807 & 1805: Price Improvement for Unit 1803: $1,045,000.00

Discover an extraordinary commercial and residential property brimming with potential—Unit 1807 and Unit 1807A, featuring a comfortable bedroom and bathroom, alongside Unit 1805, which encompasses unfinished living areas, plus two prime rental lots designed for popular food trucks. Includes hook up areas for traveling food trucks or RVs. This charming multi-unit complex, built in the 1970s with a distinctive adobe style, embodies a unique blend of creativity and investment potential.

Set upon a generous .82 acres of land off the bustling State Road 68, this property enjoys a highly visible location in a thriving, affordable community, ensuring maximum exposure for any business venture. With two commercial units already established and two additional lots available, the possibilities for entrepreneurship are limitless. Additionally, the property provides ample parking spaces both in the front and back, enhancing accessibility for customers and tenants alike.

The two residential units offer an excellent opportunity for supplemental income, making it even more attractive for investors. This property presents a blank canvas, eagerly awaiting your vision to build a flourishing business from the ground up. With proximity to town amenities and a reputation for affordability, this is a remarkable chance to make your mark in a dynamic property that offers unmatched versatility and opportunity for growth!

Units 1803A: It is currently leased as a bustling car dealership, featuring an attached living space complete with a quaint sized kitchen, a dedicated office area, ample storage, and a cozy living area — perfect for those seeking a combination of work and home life. Perfect for a small business looking to for a store front location, living area in the back and rental income from the upstairs apartment.

Ascend to the upstairs unit, 1803B, where an expansive, unfinished apartment awaits your creative vision. This unit offers a layout and potential for a kitchen, a spacious bedroom, and a bathroom, providing a blank canvas to craft a personalized living space tailored to your needs.

Adjacent to this, the downstairs commercial unit, 1803C, presents limitless opportunities for imaginative use, making it ideal for retail, office, or innovative entrepreneurial ventures.

Nestled within a charming 1970s adobe multi-unit complex, this property embodies the spirit of creativity and investment potential. Set on a generous .22 acres off State Road 68, it boasts a highly visible location in a thriving, affordable area.

Price Improvement for Unit 1803: $490,000.00

Don’t miss this remarkable chance to make your mark in a property that offers both versatility and opportunity!

Link to the properties: https://s.paragonrels.com/goto/ISfTTJ5Q2Hu

Investment highlights

Residential Use, Established Businesses, RV hook up space, Food Truck Hook Ups & Multi-Use Commercial.Buy Together or Separately. Endless potential and possibilities.

Listing Contacts

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

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