105 Main St Red River, NM 87558
This 1,659 square foot storefront, located at 105 E Main St in Red River, New Mexico, is available for $749,000 ($451.48/sq ft). Situated on Main Street, next to Brandenburg Park, this vacant property enjoys a central location within the walkable downtown area, benefiting from high tourist traffic (400,000-500,000 annually). Previously utilized as an OHV rental office, restaurant, retail space, and arcade, the property offers versatility for various business ventures or redevelopment opportunities. The property includes a small outbuilding suitable for on-site housing. Its prime location boasts Main Street and Brandenburg Park frontage, along with proximity to municipal parking. This presents a unique chance to establish a business in a thriving tourist destination, combining work, living, and recreational opportunities in the heart of Red River, NM (zip code 87558).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miSimilar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.