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Live-Work Space with Workshop
For Sale
Contact for pricing
Pending

503 Railroad Ave, Las Vegas, NM 87701

Flexible live-work property with lofts, kitchens, fenced yards, and dedicated workshop access.

Property Size2,250 SF
Days on Market143

Property Features for 503 Railroad Ave

General Information

Standard status Pending
Size 2,250 SF
Property subtype Industrial

Site & Location

Fenced Yard Yes
Outdoor Storage Yes

Warehouse & Industrial

Voltage 220 V
Three-Phase Power No

Building Details

Buildings 1
Building Size 2,250 SF
Listing Agency: Duke Realty Group
Listed By: Katharine Duke · License #NM
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 12:05PM

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 live-work property combines an open-plan workshop with a separate live-in component featuring three lofts, two ¾ baths, and two full kitchens. The building includes cement floors, tiled areas in both baths, the pantry, and the apartment kitchen, along with two electric water heaters, propane cooking equipment, refrigerators, an under-counter freezer, and wood heating stoves. The workshop is served by an overhead propane radiant heater and a 12-foot access opening.

Building infrastructure includes 12-foot walls, a 16-foot ceiling ridge, 110/220v single-phase power, dual breaker boxes, and installed CAT-5 internet. Both the front and rear yards are fenced and gated, with additional shop storage in exterior sheds. The property is located at 503 Railroad Ave in Las Vegas, near shopping, education, and medical services.

Key Highlights

  • 2,250 sq.ft. live‑work building with open floor plan
  • Three lofts, two ¾ baths, and two full kitchens
  • 12‑foot walls with a 16‑foot ceiling ridge

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

624
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?
Live-work space - Flexible live-work property with lofts, kitchens, fenced yards, and dedicated workshop access.
Where is this live-work space located?
The property is located at 503 Railroad Ave Las Vegas, NM.
What are key features of this property?
This property features: 2,250 sq.ft. live‑work building with open floor plan; Three lofts, two ¾ baths, and two full kitchens; 12‑foot walls with a 16‑foot ceiling ridge
(505) 429-1523 Call to check price and availability
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