112 Main Ave A Aztec, NM 87410-1924
Property summary
This exceptional 3,563 square foot commercial property, located at 112 N MAIN Avenue in historic downtown Aztec, New Mexico, presents a unique investment opportunity. Situated on a 0.24-acre lot, this multi-use building boasts a rich history, having served as a stagecoach stop, bed and breakfast, saloon, family home, and various gift shops. Currently, the ground floor houses a commercial space, occupied by the owner at a monthly rent of $1500. This space offers significant potential for increased rental income. The upper level features a fully furnished, two-bedroom short-term rental currently generating an average monthly income of $1,250 through Airbnb. An additional furnished studio apartment, presently used for storage, is also available and could easily be converted into another short-term rental unit, further boosting income potential, or used as living quarters for the commercial tenant. The property includes a fenced side yard and courtyard, providing additional space and possibilities for expansion or outdoor use. The building's prime location on Main Avenue in Aztec's historic downtown ensures high visibility and accessibility. This property offers a blend of established income streams and significant upside potential for a savvy investor. The asking price is $345,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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