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Two-Story Mixed-Use Property
For Sale
$325,000

1133 Grand, Las Vegas, NM 87701

CommercialSale, Las Vegas, NM

Property Size4,240 SF
Lot Size0.82 Acres
Price / SF$76.65
Days on Market206

Property Features for 1133 Grand

General Information

Property type Commercial Sale
Property subtype Other
Parking features Garage
Interior features InteriorSteps
Elementary school Las Vegas
Middle school Las Vegas
High school Las Vegas
Standard status Active
APN 94911
Size 4,240 SF
Lot size 0.82 Acres

Taxes and HOA fees

Tax Description SUBD: GRAND PLAZA COMMERCIAL DEVELOPMENT S: 23 T: 16 R: 16 BK 231 PG 7939 RECORDED 9-21-90 PLAT BK 60 PG 22
Legal Description SUBD: GRAND PLAZA COMMERCIAL DEVELOPMENT S: 23 T: 16 R: 16 BK 231 PG 7939 RECORDED 9-21-90 PLAT BK 60 PG 22

Utilities

Sewer type Public Sewer
Heating system Ductless (Heating)
Water source Public

Building Details

Year built 1933
Roof type Metal
Architectural style Other
Listing Agency: Duke Realty Group
Listed By: Katharine Duke · License #18095
Added: Feb 1 Changed: Aug 19 Last Checked: Aug 26 at 5:06PM
MLS# 202600373

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 0.82-acre mixed-use property includes a two-story front building with a second-floor bedroom and bathroom. The first floor provides a kitchen, larger bathroom suite, several business-use rooms, and access to a yard. Ductless heating, a metal roof, public water, public sewer, and garage parking are in place. The building was constructed in 1933, and the reported improvement area is approximately 4,240 square feet.

A separate rear portion formerly contained restaurant space and two motel rooms. That area requires upgrades to its water, electrical, and gas systems. The property is near medical, shopping, educational, and restaurant services in Las Vegas, with Santa Fe approximately one hour away and the Colorado border approximately three hours away.

Key Highlights

  • 0.82‑acre mixed‑use property with approximately 4,240 square feet of improvements
  • Two‑story front building includes a second‑floor bedroom and bathroom
  • First‑floor layout includes kitchen, bathroom suite, business rooms, and yard access

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Daycare Center Home Appliance Store Real Estate Agency Pet Grooming Service

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

756
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Front building combines residential accommodations with rooms suited to an on-site business.
Where is this mixed-use property located?
The property is located at 1133 Grand Las Vegas, NM.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 0.82‑acre mixed‑use property with approximately 4,240 square feet of improvements; Two‑story front building includes a second‑floor bedroom and bathroom; First‑floor layout includes kitchen, bathroom suite, business rooms, and yard access
More about this property
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