227 Kit Carson Rd Taos, NM 87571
- Commercial real estate
- 1,159 SF
- 2.95 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 227 Kit Carson Rd
- Lot size
- 2.95 lot acres
- Property size
- 1,159 SF
- Property type
- Commercial real estate
Description
This exceptional 2.95-acre commercial property presents a unique investment opportunity in the heart of Taos, New Mexico. Located just two blocks from the historic Taos Plaza, this property boasts a prime location with convenient access to shopping, dining, art galleries, and hiking trails. The site is strategically positioned near a luxury resort, enhancing its appeal and potential for high occupancy rates. The property includes three parcels zoned C1 and R4, offering flexibility for a variety of development options. Previous approvals exist for a hotel/condo development with the potential for 60+ units. All necessary utilities and infrastructure are already in place, simplifying the development process. Adding to the property's value is a small multi-tenant rental structure situated on a separate parcel at 122 Las Cruces Lane, providing immediate rental income. Dual access points from Kit Carson Road and Las Cruces Lane ensure easy accessibility for both residents and guests. The main building encompasses 1,159 square feet, offering additional development possibilities. This is a rare opportunity to acquire an irreplaceable property in a highly desirable location with significant development potential. The existing infrastructure and zoning make this an attractive proposition for developers seeking a high-return investment in a thriving tourist destination.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Taos
- County
- Taos
- State
- New Mexico
- Longitude
- -105.569
- Latitude
- 36.4039
