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Restaurant with Leased Secondary Structure

417 Main Street E, Red River, NM 87558

For Sale
$749,000

CommercialSale, Red River, NM

Property SizeContact for details
Lot Size0.22 Acres
Days on Market187

Property Features for 417 Main Street E

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description General Commerc
Subdivision Red River Townsite
Directions 4 blocks east of Brandenburg Park on Main Street.
Standard status Active
Lot size 0.22 Acres

Taxes and HOA fees

Tax Description Red River Townsite Unit 290 Blocks 3, 4 & 5 TWP 29N RGE 14E SEC 36 QUAD 2 417 E Main St
Legal Description Red River Townsite Unit 290 Blocks 3, 4 & 5 TWP 29N RGE 14E SEC 36 QUAD 2 417 E Main St

Building Details

Number of units 2
Listing Agency: Lindsey Land & Home, LLC
Listed By: Sloan Covington · License NM #52660
Added: May 8 Changed: Oct 8 Last Checked: Nov 10 at 5:06PM
MLS# 114966

Copyright © 2026 Enchanted Circle Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This conventional restaurant property at 417 Main Street E in Red River includes a fully equipped kitchen, an interior dining area, and outdoor seating with mountain views. The restaurant is described as fully operational, allowing continued use as a restaurant or adaptation to a new concept.

The property also includes a secondary structure that is currently leased, adding another operational component to the offering. The site encompasses 0.22 acres in Red River, New Mexico, within Taos County. The existing improvements provide restaurant infrastructure along with a separate leased structure for continued occupancy or future repositioning.

Key Highlights

  • Fully equipped restaurant kitchen
  • Interior dining area with outdoor seating
  • Mountain views from the outdoor seating area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

289
Businesses Nearby

Demographics for 87558, NM

724
Population
1,469
Households
0.5
Avg Household Size
52
Median Age
53%
College-Educated
100%
High-School Grad
105.9 sq mi
ZIP Area
7
Density / Sq Mi
$46,794
Median Household Income
$21,812
Median Earnings
$935
Median Rent
$429,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully equipped kitchen, indoor dining, and outdoor seating support continued restaurant operations.
Where is this conventional restaurant located?
The property is located at 417 Main Street E Red River, NM.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Fully equipped restaurant kitchen; Interior dining area with outdoor seating; Mountain views from the outdoor seating area
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