1810 Riverside Dr Espanola, NM 87532
This exceptional 3,007 square foot mixed-use property, situated on a 0.57-acre lot at 1810 N Riverside in Espanola, NM, presents a unique investment opportunity. The building's versatile design allows for a multitude of uses, currently configured as two distinct units, each with its own restroom facilities. A central kitchen separates the spaces, enhancing functionality. The east side features several office rooms, ideal for professional services or administrative functions. The west side offers a large, open area, perfect for retail, a workshop, or adaptable to various business needs, complemented by a smaller office. The property boasts significant architectural charm, showcasing authentic Northern New Mexican style with prominent vigas and beams, a shepherd's fireplace, a water fountain, hornos (traditional ovens), intricately carved pillars, and carved doors. Its location along the Riverside adds to its appeal and visibility. The seller is open to exploring creative financing options and potential rental arrangements, making this an attractive proposition for both owner-occupiers and investors. The commercial district zoning allows for a wide range of business services. This property offers a blend of historical character and modern adaptability, making it a truly unique investment in the vibrant Espanola market.
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
Similar Nearby for Lease
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.