Property profile

1038-1040 Paseo Del Pueblo Sur Taos, NM 87571

OFF-MARKET
Retail properties & Spaces
23,812 SF 3.13 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 23,812 SF
Lot 3.13 ac (136,212 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1038-1040 Paseo Del Pueblo Sur Taos, NM 87571
Taos metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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