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    6th St St Las Vegas, NM 87701

    For Sale
    $575,000

    Prime Downtown Location, Multi-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This classic brick building at 524-522-5221/2 6th Street, Las Vegas, NM 87701, offers exceptional versatility and prime downtown location. Built in 1900, this property presents three distinct spaces ideal for multiple businesses or a single large operation. The first door accesses a spacious second-floor area featuring numerous smaller rooms and vintage kitchen cabinetry, suitable for various uses. The second door leads to a retail space with a rear warehouse containing two roll-up loading doors and a basement, providing ample storage and potential for distribution. A third door opens to an office space complete with a bathroom. Each space could be leased independently, generating multiple income streams, or utilized as part of a larger enterprise. Conveniently located downtown, this property enjoys easy access to I-25 and is within close proximity to banks, restaurants, medical facilities, and shopping, just blocks from the Plaza Center. The building features refrigerated air heating units, carpeted retail/office spaces, and newer windows on the second floor. This exceptional property is priced at $575,000 and presents a rare opportunity to acquire a multi-use commercial building in a thriving downtown location. The property includes land and is classified as commercial, storefront, and warehouse.

    Property Features for 6th St St

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1900

    HighLights

    • $575,000 asking price.
    • 1900 construction, classic brick building in Las Vegas, NM.
    • Three separate spaces: second‑floor office space, retail space with rear warehouse and basement, and a ground‑floor office with bathroom.
    • Convenient downtown location near I‑25, banks, restaurants, medical facilities, and shopping, blocks from Plaza Center.
    • Features include refrigerated air, carpeted retail/office spaces, newer second‑floor windows, and two roll‑up loading doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2148744
    Latitude
    35.594787

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    FAQs

    What type of property is this?
    Individual retail property - Prime Downtown Location, Multi-Use Potential
    Where is this individual retail property located?
    The property is located at 6th St St Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: $575,000 asking price.; 1900 construction, classic brick building in Las Vegas, NM.; Three separate spaces: second-floor office space, retail space with rear warehouse and basement, and a ground-floor office with bathroom.
    Request Owner's contact information
    6th St St Las Vegas, NM 87701
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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
    6th St St Las Vegas, NM 87701
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