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    1208 Aztec Ave Gallup, NM 87301

    For Sale
    $242,000

    Versatile Commercial Space, $242,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional storefront property, located at 1208 E Aztec Avenue in Gallup, New Mexico, presents a unique investment opportunity. Built in 1968, this 87301 address offers a blend of commercial and residential space, ideal for a variety of uses. The property's prime location on Aztec Avenue, a bustling thoroughfare known for its retail, dining, and cultural attractions, ensures high visibility and accessibility. The storefront's adaptable layout is perfect for a creative workspace or photography studio, as previously utilized. The inclusion of a comfortable living area with kitchen, bathroom, and bedrooms adds significant convenience and flexibility for the owner or clients. This multifunctional property benefits from Gallup's thriving community and tourism-driven economy, offering substantial potential for business growth. The asking price is $242,000. This is a rare chance to acquire a well-situated commercial property in a desirable area of Gallup, NM. The property's versatility and prime location make it an attractive investment for both established businesses and aspiring entrepreneurs seeking a unique blend of commercial and residential space. Don't miss this opportunity to own a piece of Gallup's vibrant commercial landscape.

    Property Features for 1208 Aztec Ave

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1968

    HighLights

    • $242,000 asking price.
    • Office/Retail storefront property.
    • 1968 construction.
    • Located at 1208 E Aztec Avenue, Gallup, NM 87301.
    • Versatile property suitable for commercial and residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.723428
    Latitude
    35.5288035

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    FAQs

    What type of property is this?
    Individual retail property - Versatile Commercial Space, $242,000
    Where is this individual retail property located?
    The property is located at 1208 Aztec Ave Gallup, NM.
    What is the asking price?
    The asking price for this property is $242,000.
    What are key features of this property?
    This property features: $242,000 asking price.; Office/Retail storefront property.; 1968 construction.
    Request Owner's contact information
    1208 Aztec Ave Gallup, NM 87301
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    Gallup, NM 87301
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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
    1208 Aztec Ave Gallup, NM 87301
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