120 Bent St Taos, NM 87571
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Lifestyle centers
Property Details for 120 Bent St
- Year built
- 1920
- Lot size
- 0.84 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional retail investment opportunity encompasses three buildings totaling 21,495 square feet in Taos, New Mexico's historic downtown, adjacent to the Taos Plaza. The property, featuring a beautifully landscaped pedestrian walkway, houses over 20 unique shops, galleries, and restaurants. Built in 1920 with renovations completed in 2013, the property includes the John Dunn House, listed on the State Historic Register. Currently boasting 100% occupancy, 87% of the gross leasable area operates under triple-net leases. The diverse tenant base includes long-term, established businesses; over ten tenants have occupied their spaces for 30 years or more. The property's exceptionally high historical occupancy rate demonstrates its enduring appeal and strong tenant relationships. Two remodeled second-story apartments, updated in 2023, add to the property's income stream. The property's prime location within walking distance of museums, hotels, and other attractions, coupled with Taos's thriving tourism industry, ensures continued strong performance. The 0.841-acre lot provides ample space for the three two-story buildings, and the property offers a compelling combination of historical charm, modern amenities, and exceptional financial performance, with a current NOI of $468,445 and a 6.51% cap rate. The asking price is $7,200,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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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
- -105.574
- Latitude
- 36.408
