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Historic Plaza Mixed-Use Opportunity
For Sale
$1,275,000

1801 Plaza, Las Vegas, NM 87701

Exceptional mixed-use property on the Historic Plaza in Las Vegas.

Property Size15,000 SF
Lot Size0.16 Acres
Price / SF$85
Days on Market162

Property Features for 1801 Plaza

General Information

Standard status Active
Size 15,000 SF
Lot size 0.16 Acres
Property subtype Commercial

Amenities

Built Up Roof
Forced Air Heating
Natural Gas Heating
Pitched Roof
Shingle Roof
Tile Flooring
Wood Flooring

Building Details

Year Built 1870
Listing Agency: BARKER REALTY, LLC
Listed By: TAMARA ACKER · License #16300
Source: Corcoran
Added: Mar 15 Changed: Aug 23 Last Checked: Aug 23 at 7:46AM

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 BARKER REALTY, LLC

Investment Insights

Based on property information with market context.

This mixed-use property is located in Las Vegas, NM, on the Historic Plaza. Zoned R2 + C2, the property offers both commercial and residential opportunities. The building features 57 feet of glass retail display frontage and approximately 3,000 sq. ft of retail space, along with over 5,000 sq. ft of finished residential space that includes tree-covered views of the Historic Plaza Park. The building received the 1996 Historic Preservation Award. Originally built in 1836 as the first Catholic church in Las Vegas, New Mexico, it was later transformed in 1870 by the Dold brothers into a two-story adobe structure housing A.Dold Company/Charles Emil Wesche General Merchandise Store. The 15,000 square foot building has three-foot thick adobe walls and includes custom-built French doors and windows, handcrafted balconies, and handmade balustrades. The property has been restored to meet current building codes, with new PVC, wiring, roof and stucco, and fixtures. The current layout includes a 2,500 +/- square foot residence with a European-style kitchen, living area, den, two bedrooms, and two baths. There are an additional 3,000 square feet of finished interior living/office spaces on the 2nd floor suitable for office rental or multifamily use, with potential for development into a wine bar/restaurant/gallery/retail space. The ground level features 3,000 square feet of dedicated storefront retail space, and there are 3,600 square feet of developable space inside the pillars on the 3rd floor. The retail area has original hardwood oak flooring, while the residential areas feature original fur and maple flooring.

Key Highlights

  • Prime location on the Historic Plaza with R2 + C2 zoning, offering exceptional commercial and residential potential
  • Significant retail frontage (57 feet of glass display) and substantial retail space (3,000 sq. ft.)
  • Extensive finished residential space (5,000+ sq.ft.) with views of the Historic Plaza Park

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Real Estate Agency Plumbing Service (Bike/Boat/Book/etc) Store Garden Center

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

648
Businesses Nearby
458
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Napa Auto Parts Shops & Services
458 visits/mo 0.5 miles

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 Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Exceptional mixed-use property on the Historic Plaza in Las Vegas.
Where is this mixed-use property located?
The property is located at 1801 Plaza Las Vegas, NM.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Prime location on the Historic Plaza with R2 + C2 zoning, offering exceptional commercial and residential potential; Significant **retail frontage (57 feet of glass display)** and substantial retail space (3,000 sq. ft.); Extensive **finished residential space (5,000+ sq.ft.) with views of the Historic Plaza Park**
More about this property
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