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    112 Main Ave Aztec, NM 87410

    For Sale
    $345,000

    Multi-use building with rental income potential.

    Property size:
    3,563 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    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 Features for 112 Main Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,563 SF
    Lot Size
    10,454 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.9946
    Latitude
    36.82287

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-use building with rental income potential.
    Where is this commercial real estate located?
    The property is located at 112 Main Ave Aztec, NM.
    What is the asking price?
    The asking price for this property is $345,000.
    (505) 554-3873
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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
    112 Main Ave Aztec, NM 87410
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