112 Main Ave Aztec, NM 87410
- Retail space
- 3,563 SF
- 0.24 lot acres
Current Use by Public Records
- Retail space
Property Details for 112 Main Ave
- Year built
- 1890
- Lot size
- 0.24 lot acres
- Property size
- 3,563 SF
- Property type
- Retail space
- APN
- 2064178207119
- APU
- 2064178207119
Description
This exceptional 3,563 square foot commercial property, located at 112 N MAIN Avenue in historic downtown Aztec, New Mexico, presents a unique investment opportunity. Situated on a 0.24-acre lot, this multi-use building boasts a rich history, having served as a stagecoach stop, bed and breakfast, saloon, family home, and various gift shops. Currently, the ground floor houses a commercial space, occupied by the owner at a monthly rent of $1500. This space offers significant potential for increased rental income. The upper level features a fully furnished, two-bedroom short-term rental currently generating an average monthly income of $1,250 through Airbnb. An additional furnished studio apartment, presently used for storage, is also available and could easily be converted into another short-term rental unit, further boosting income potential, or used as living quarters for the commercial tenant. The property includes a fenced side yard and courtyard, providing additional space and possibilities for expansion or outdoor use. The building's prime location on Main Avenue in Aztec's historic downtown ensures high visibility and accessibility. This property offers a blend of established income streams and significant upside potential for a savvy investor. The asking price is $345,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aztec
- County
- San Juan
- State
- New Mexico
- Longitude
- -107.994
- Latitude
- 36.8228
- CBSA code
- 22140
- CBSA name
- FARMINGTON, NM METROPOLITAN STATISTICAL AREA
