1038-1040 Paseo Del Pueblo Sur Taos, NM 87571
This exceptional commercial property, located at 1038-1040 Paseo Del Pueblo Sur in Taos, New Mexico, presents a unique investment opportunity. The 3.127-acre site boasts excellent visibility and frontage on Paseo Del Pueblo Sur, with a new deceleration lane enhancing accessibility. The property includes two buildings totaling 23,812 square feet, zoned C-2 (General Commercial), allowing for diverse uses. One building, approximately 3,478 square feet, functions as a retail/showroom space directly facing Paseo Del Pueblo Sur. The second building, approximately 20,334 square feet, serves as a showroom and repair-service facility. Currently leased to a tenant until 2025, this property offers short-term income potential. The high-visibility location features prominent pylon signage. This property is ideal for an owner-user seeking a well-established location or a developer envisioning redevelopment opportunities within a thriving Taos commercial area. The asking price is $3,250,000, with a price per square foot of $136.49. The property's zip code is 87571, situated in Taos County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.