3 Ernie Blake Rd Taos Ski Valley, NM 87525

This exceptional multifamily investment property, located at 3 Ernie Blake Rd in Taos Ski Valley, New Mexico, presents a compelling redevelopment opportunity. The existing three-story apartment building currently generates $5,000 in monthly revenue as employee housing, offering immediate income potential. The property boasts three units across three stories, situated on a 0.34-acre lot zoned Village Core – mixed use. This zoning allows for a diverse range of development possibilities, including multi-family residential and retail uses. The significant lot size, combined with a 40+ foot elevation advantage above Twining Road, provides ample space for a multi-story expansion, potentially incorporating below-ground or hillside parking. The property's prime location, less than a block from the Blake Hotel, Blake Residences, and the Lift 1 Base Area, ensures high visibility and robust foot traffic. Proximity to shopping, dining, and grocery stores further enhances its appeal. Dedicated parking is available for multiple vehicles. This is an ideal investment for those seeking a high-growth area with significant upside potential in a thriving ski resort town. The asking price is $2,500,000.