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    1301 Main St Red River, NM 87558

    Pending
    For Sale
    $1,425,000

    COMMERCIAL - Red River, NM

    Property size:
    7,000 SF
    Lot size:
    0.19 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1301 Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    APN
    1084169303075
    Size
    7,000 SF
    Lot size
    0.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1950
    Flooring type
    Laminate
    Building materials
    Frame

    Coldwell Banker Legacy 8200 (505) 292-8900

    Listing agent Nikki Bronstorp (505) 209-1246 License #REC20240538

    Listing date Nov 27, 2025

    Copyright © 2025 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Red River Lodge Investment Opportunity

    Located on Main Street in the historic town of Red River, this property presents an investment opportunity. It features a 14-room lodge, complete with a 1500 sq ft owner's suite suitable for year-round living, which could potentially be converted into additional units. The lodge includes 4 queen single rooms, 8 kitchenette rooms, and a 2-bedroom apartment across two floors, available for nightly, weekly, or monthly rentals. The sale includes all FF&E, land, and property. An attached, large warehouse space offers conversion potential. The property features keyless entry to all rooms, an on-site laundry room, and smart TVs in all non-smoking rooms. Internet infrastructure was upgraded with $6000 investment. The majority of room windows were replaced with Pella windows in 2023, electrical upgrades were completed in 2022, and the owner's suite was upgraded in 2023. Firepits and seating were added in 2022, and backside gutters were fitted with heat tape in 2023. Purchased two years ago, the property has grown to a 47% annual occupancy rate through marketing across multiple platforms. The property also has an unused warehouse/storage room on the floorplan that could be converted. The property is on city utilities and sits on a lot of 0.19 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Red River
    County
    Taos
    State
    New Mexico
    Longitude
    -105.3947508
    Latitude
    36.700335

    Nearby Similar for Sale

    • $2,500,000

      Red River Multi-Income Commercial Property

      8,100 sq ft commercial property with four income opportunities.
      325 Main St W, Red River, NM 87558
      View Details
    • $199,000
      0.36 Acres

      Red River Waterfront Building Lot

      Vacation rental zoned lot with river frontage and views.
      26 Vly Of The Pne Rd, Red River, NM 87558
      View Details

    FAQs

    What type of property is this?
    Hotel - 14-room lodge with owner's suite in historic Red River, NM.
    Where is this hotel located?
    The property is located at 1301 Main St Red River, NM.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: - Established, Income-Generating Lodge: Boasting a 47% annual occupancy rate after just 2 years.; - Turnkey Business Opportunity: Sale includes all FF&E, land, and property.; - Versatile Rental Options: Features 4 queen single rooms, 8 kitchenette rooms, and a 2-bedroom apartment.
    (505) 209-1246
    Request Owner's contact information
    1301 Main St Red River, NM 87558
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    Red River, NM 87558
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1301 Main St Red River, NM 87558
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