112 Main Ave A Aztec, NM 87410-1924
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.