Current Use by Public Records
- Retail properties & Spaces
Property Details for 1116 National St
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This unique two-story stucco building, located at 1116 National in the historic heart of Las Vegas, New Mexico (zip code 87701), presents a compelling investment opportunity. Priced at $475,000, this property offers approximately 1 square foot of office space on the first floor, ideal for a variety of uses, including executive offices or retail. Large windows flood the space with natural light, creating a bright and inviting atmosphere. The second floor, while not explicitly detailed in square footage, offers potential for conversion into living quarters, adding significant versatility. The property includes a backyard featuring a small cottage, providing additional space and potential for expansion or rental income. Convenient access to a back alley is also available. A ramp is situated on the side of the building, enhancing accessibility. It's important to note that there is an encroachment between this building (1116 National) and the adjacent property at 1118 National, situated on the boundary lines. This property is situated in San Miguel County and offers a blend of historical charm and modern adaptability, making it a rare find in the vibrant downtown area. The property's unique features and central location make it an attractive option for both business owners and investors seeking a distinctive property in a desirable location. Further investigation into the encroachment is recommended.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- San Miguel
- State
- New Mexico
- Longitude
- -105.224
- Latitude
- 35.594
