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6 Plz De Monticello Rd Monticello, NM 87939

OFF-MARKET Commercial real estate Google Maps
4.7 ac lot
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Property summary

AI-generated overview

Own a piece of Monticello history with this exceptional 4.7-acre commercial property, featuring the original Monticello Mercantile building. This cornerstone property of Monticello Plaza boasts beautifully preserved original wood floors, a bar, original post office fixtures, and extensive shelving, all within a functional and charming space. The main building seamlessly blends historical character with modern functionality. A covered front porch provides a perfect vantage point for enjoying plaza activities. Adjacent to the Mercantile is a spacious hacienda-style home, featuring a combined living and dining area with impressive beamed barrel ceilings. The kitchen, complete with custom wood cabinetry, connects to an attached greenhouse, ideal for gardening. An accessory building, previously used for wine processing, includes a commercial-grade range and hood, and an oversized walk-in refrigerator, offering versatile options for catering or other commercial uses. The property also includes animal stalls, fenced pastures, a large workshop or storage building, and ample land suitable for cultivation or an arena. This unique property presents a rare opportunity to acquire a significant piece of Monticello's commercial heritage. The property's combination of historical charm, versatile commercial spaces, and expansive land makes it an exceptional investment opportunity.

Property profile

Verified
Property type Commercial real estate
Lot 4.7 ac (204,732 SF)

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

1 recent transactions · within 1.5 mi
Comparable in this city
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Sale price & price/SF · Sale date & distance · Adjustments & confidence
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