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    6Th St Las Vegas, NM 87701

    For Sale
    $575,000

    Downtown Las Vegas Mixed-Use Property

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This unique Las Vegas, New Mexico property at 524-522-5221/2 6th Street offers a compelling investment opportunity. Priced at $575,000, this classic brick building boasts approximately 1 square foot and features three distinct spaces, ideal for multiple businesses or a single operator. The first entrance leads to a spacious second-floor area with numerous smaller rooms and vintage kitchen cabinetry, offering versatile layout options. The second entrance accesses a retail space with a rear warehouse featuring two roll-up loading doors and a basement, providing ample storage and potential for various uses. A third entrance provides access to an office space complete with a bathroom. The building benefits from refrigerated air heating units, carpeted retail/office areas (in the two street-facing spaces), and newer windows on the second floor. Located in downtown Las Vegas, this property enjoys convenient access to I-25 and is within close proximity to banks, restaurants, medical facilities, and shopping, just blocks from the Plaza Center. The property includes two parking spaces. This multi-faceted property presents a rare chance to acquire a well-situated, adaptable space with significant potential for diverse business applications.

    Property Features for 0 6Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    1 SF

    HighLights

    • $575,000 asking price for a classic brick building in downtown Las Vegas, NM.
    • Approximately 1 square foot of total space, divided into three distinct areas suitable for multiple businesses.
    • Features include a spacious second‑floor area with multiple rooms and vintage kitchen cabinetry, a retail space with rear warehouse and basement, and a separate office with bathroom.
    • Amenities include refrigerated air heating units, carpeted retail/office areas, newer second‑floor windows, and two parking spaces.
    • Excellent location near I‑25, banks, restaurants, medical facilities, and shopping, blocks from the Plaza Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    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?
    Distribution property - Downtown Las Vegas Mixed-Use Property
    Where is this distribution property located?
    The property is located at 6Th 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 for a classic brick building in downtown Las Vegas, NM.; Approximately 1 square foot of total space, divided into three distinct areas suitable for multiple businesses.; Features include a spacious second-floor area with multiple rooms and vintage kitchen cabinetry, a retail space with rear warehouse and basement, and a separate office with bathroom.
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    6Th 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 Las Vegas, NM 87701
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