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Restored Mixed-Use Adobe Building
For Sale
$1,275,000

1801 Plaza, Las Vegas, NM 87701

ResidentialIncome, Las Vegas, NM

Property Size15,000 SF
Lot Size0.16 Acres
Price / SF$85
Days on Market207

Property Features for 1801 Plaza

General Information

Property type Residential Multi Family
Property subtype Other
Zoning BCD,C-2,Historic,R-1, 2,
Zoning description C2 + R2
Bedrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Interior features InteriorSteps
Appliances Dryer, Dishwasher, GasCooktop, Disposal, Oven, Range, Refrigerator, WaterHeater, Washer, EnergyStarQualifiedAppliances
Elementary school Las Vegas
Middle school Las Vegas
High school West Las Vegas High
Directions Exit 345 to University avenue. This goes left over the freeway and Turn right at the 1st light(Grand ave) then left in two blocks onto W National avenue. National becomes Plaza street and dead ends at Plaza Park. The Historic Wesche/Dold building is on the West side of the Park.
Standard status Active
APN 34860
Size 15,000 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Description Section 27 township 16 Range 16 town of Las Vegas,NM
Legal Description Section 27 township 16 Range 16 town of Las Vegas,NM

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1870
Floors in Building 2
Number of units 1
Building materials Adobe, Frame
Roof type Shingle, Built-Up
Architectural style Other
Listing Agency: Barker Realty, LLC
Listed By: Tamara Acker · License #16300
Added: Mar 15 Changed: Sep 13 Last Checked: Oct 7 at 6:06AM
MLS# 202601000

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 15,000-square-foot mixed-use adobe building dates to 1870 and occupies approximately 0.16 acres. The restored property contains 3,000 square feet of ground-floor retail with 57 feet of glass display frontage, a 2,500-square-foot residence with two bedrooms and two baths, and approximately 3,000 additional square feet of finished second-floor living or office space. A further 3,600 square feet inside the upper pillars remains developable. Interior finishes include original oak flooring in the retail area and original fur and maple flooring in the residential areas.

The building stands at 1801 Plaza in Las Vegas, New Mexico, overlooking the Historic Plaza Park. Construction features three-foot-thick adobe walls, custom French doors and windows, handcrafted balconies, and hand-made balustrades. The restoration included new PVC, wiring, roof, stucco, fixtures, and demising walls, with work completed to current building codes. Public water and sewer serve the property, with forced-air natural-gas heating.

Key Highlights

  • 15,000 square feet on approximately 0.16 acres
  • 57 feet of glass retail display frontage
  • 3,000 square feet of dedicated ground‑floor storefront retail

Property Analytics

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Current Use

Storefront properties

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Multi-level property combines ground-floor retail with finished residential and office areas overlooking the Historic Plaza Park.
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: 15,000 square feet on approximately 0.16 acres; 57 feet of glass retail display frontage; 3,000 square feet of dedicated ground‑floor storefront retail
More about this property
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