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    520 Plz Cañon Dr Taos, NM 87571

    For Sale
    $2,200,000

    Modern 11,312 SF Flex Space, $2.2M

    Property size:
    11,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 11,312 square foot, single-story Class A flex space in Taos, New Mexico, presents a unique investment opportunity. Built in 2017 on a 1.53-acre lot, this fee-simple property boasts a versatile layout ideal for a variety of uses. Currently configured with a full commercial kitchen, bowling lanes, and pin setters, the space offers flexible options for customization to suit your specific business needs. Zoned T5B, permitted uses include retail, restaurants, entertainment venues (including liquor establishments), offices, hotels, light manufacturing, and even residential spaces. The property is offered at significantly below current replacement cost, making it an attractive proposition for owner-users. Located at 520 Plaza Cañon Dr, Taos, NM 87571, this property benefits from Taos's thriving tourism industry and its rich cultural heritage, attracting visitors from around the globe. The property's strategic location provides easy access to major attractions such as Taos Pueblo, Taos Ski Valley, and the Rio Grande Gorge Bridge. This is a rare opportunity to acquire a modern, versatile commercial property in a desirable location with significant upside potential. All existing equipment is included, offering a turnkey solution for the right buyer.

    Property Features for 520 Plz Cañon Dr

    General Information

    Property type
    Flex space
    Square Feet
    11,312 SF
    Class
    A
    Lot Size
    66,647 SF

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Prime Taos location offering stunning mountain and valley views.
    • Rich cultural environment with art galleries, museums, and festivals.
    • Strong tourism market fueled by renowned attractions including Taos Pueblo, Taos Ski Valley, and Rio Grande Gorge Bridge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Taos
    County
    Taos
    State
    New Mexico
    Longitude
    -105.5727386
    Latitude
    36.3777236

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    FAQs

    What type of property is this?
    Flex space - Modern 11,312 SF Flex Space, $2.2M
    Where is this flex space located?
    The property is located at 520 Plz Cañon Dr Taos, NM.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Prime Taos location offering stunning mountain and valley views.; Rich cultural environment with art galleries, museums, and festivals.; Strong tourism market fueled by renowned attractions including Taos Pueblo, Taos Ski Valley, and Rio Grande Gorge Bridge.
    Request Owner's contact information
    520 Plz Cañon Dr Taos, NM 87571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    520 Plz Cañon Dr Taos, NM 87571
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