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Two-Story Mixed-Use Building
For Sale
$450,000

1116 National Ave, Las Vegas, NM 87701

Large front windows support office or retail use on the first floor, with potential living quarters above.

Property Size1,380 SF
Price / SF$326.09
Days on Market1383

Property Features for 1116 National Ave

General Information

Standard status Active
Size 1,380 SF

Taxes and HOA fees

Annual Taxes $2,077

Building Details

Stories 2
Construction stucco
Listing Agency: Duke Realty Group
Listed By: Katharine Duke · License #18095
Source: Exprealty
Added: Nov 15, 2022 Changed: Aug 22 Last Checked: Aug 28 at 3:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Duke Realty Group

Investment Insights

Based on property information with market context.

This two-story stucco property combines commercial and residential-use potential in a compact building. The first floor has large windows and is described for office or retail use, while the upper level may accommodate living quarters. A side ramp provides accessible entry.

The property includes a backyard with a small cottage, along with access to the back alley. It is located in the historic center of Las Vegas, New Mexico, at 1116 National Ave. Santa Fe is approximately one hour away.

Key Highlights

  • Two‑story stucco mixed‑use building
  • First floor includes large windows suited to office or retail use
  • Second floor may serve as living quarters

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom Storage Facility Garden Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

959
Businesses Nearby

Demographics for 87701, NM

18,387
Population
9,699
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
88%
High-School Grad
1,601.8 sq mi
ZIP Area
11
Density / Sq Mi
$48,115
Median Household Income
$29,345
Median Earnings
$756
Median Rent
$169,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Large front windows support office or retail use on the first floor, with potential living quarters above.
Where is this mixed-use property located?
The property is located at 1116 National Ave Las Vegas, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑story stucco mixed‑use building; First floor includes large windows suited to office or retail use; Second floor may serve as living quarters
More about this property
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