113 Plz Dr Taos, NM 87571
- Retail properties
- 17,000 SF
Current Use by Public Records
- Retail properties
Property Details for 113 Plz Dr
- Property size
- 17,000 SF
- Property type
- Retail properties
Description
This exceptional commercial investment property, located at 113 Plaza Drive in the heart of Taos, New Mexico, presents a rare opportunity to acquire a landmark retail space within the historic Taos Plaza. The property encompasses 17,000 square feet across three buildings, two of which are two stories high. The buildings are situated around a charming sculpture garden, creating an inviting and unique atmosphere. This prime location on the southeast corner of the Taos Plaza ensures high visibility and accessibility, benefiting from the heavy daily foot traffic of tourists and locals alike. The property's strategic position within the historic and central business districts guarantees consistent exposure. Ample parking is readily available in and around the Taos Plaza. The property features a mix of retail spaces at street level and office spaces on the upper floors. Currently, there are two vacant spaces available, one retail/restaurant space and one office space, offering immediate potential for increased revenue. The existing tenants are a mix of established, long-term businesses, including well-regarded art galleries, providing a stable income stream. The property boasts well-maintained, upgraded buildings showcasing contemporary Pueblo Revival architecture. This is a truly unique opportunity to own a piece of Taos history and capitalize on the thriving tourism and commercial activity of this iconic location. The asking price is $2,495,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Taos
- County
- Taos
- State
- New Mexico
- Longitude
- -105.574
- Latitude
- 36.4067
