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Two-Story Mixed-Use Building
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1116 National, Las Vegas, NM 87701

Flexible commercial layout with bright first-floor rooms and an upper level suited to residential use.

Property Size1 SF
Price / SF$450,000
Days on Market1017

Property Features for 1116 National

General Information

Standard status Active
Size 1 SF
Property subtype Office, Retail

Building Details

Stories 2
Listing Agency: Duke Realty Group
Listed By: Katharine Duke · License #NM
Source: Crexi
Added: Nov 18, 2023 Changed: Aug 30 Last Checked: Aug 30 at 3:55AM

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 supports a mixed-use configuration in central Las Vegas, New Mexico. The ground level features large windows and can accommodate office or retail use, while the upper floor may serve as living quarters. A side ramp provides access to the building.

The property also includes a backyard cottage, with access to the rear alley. Its location in the historic center of Las Vegas places the building approximately one hour from Santa Fe, adding regional connectivity for office, retail, or residential occupancy.

Key Highlights

  • Two‑story stucco building in the historic center of Las Vegas, NM
  • First floor has large windows and supports office or retail use
  • Upper level could function 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

892
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 - Flexible commercial layout with bright first-floor rooms and an upper level suited to residential use.
Where is this mixed-use property located?
The property is located at 1116 National 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 building in the historic center of Las Vegas, NM; First floor has large windows and supports office or retail use; Upper level could function as living quarters
(505) 429-1523 Call to check price and availability
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