801 Douglas Street

Las Vegas, NM
$ 600,000 Beds 0 Baths 0 Sq 9,472
Monthly Estimate* How much can I afford?

$125K price drop; priced well below appraisal! Excellent commercial investment opportunity in the heart of Main Street corridor in historic Las Vegas, NM! Zoned C-2, this 9472 sf brick 2-story historic building plus full finished basement & detached garage sits on a 7500 sf corner lot close to Highlands Univ, Lincoln Park, Railroad District, & Plaza Park. This desirable highly visible location is midway between the Historic Plaza & La Castaneda hotels & within a block of popular restaurants, banks, shopping & Highlands University. Historically, property housed mortuary, apartments, & offices, an excellent location for gallery, restaurant, recreation or entertainment venue, retail, or additional apartments. Six tenant-occupied apartment units with rents ranging from $475 to $900 per month; remainder of building is vacant. Building consists of 4736 sf 1st floor, 4736 sf 2nd floor, and 4736 sf basement. Appraised potential gross rental income (entire building) is $87,120 per year!

Commercial

  • Price
  • $ 600,000
  • Lot Size
  • 7,405 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 9,472
  • Full Bathrooms
  • 0
  • Year Built
  • 1926
  • Half Bathrooms
  • 0
  • City, Zip
  • Las Vegas
  • Taxes
  • 3438
  • County
  • SAN MIGUEL
  • Style
  • Area
  • San Miguel Cnty
  • MLS#
  • 201900580
  • Zip
  • 87701
Listing Provided by: Jeanne-Marie Crockett with JM Crockett Realty.
Data Source: Santa Fe Association of Realtors

Features

General

Bank Owned Yes
Building Use Commercial, Gallery, Hotel/Motel/Hospitality, Live/Work, Medical, Office, Other - See Remarks, Restaurant, Retail
Class COMMERCIAL BUILDING
Construction Brick
Gas Y/N Natural
Lease Type Other - See Remarks
Legal Description Lots Twenty-three (23) and Twenty-four (24), Block Twelve (12) of the Las Vegas Town Company's Addition to Las Vegas, San Miguel County, New Mexico.
Listing Area 28-San Miguel Cnty
Possession Sub to Tenant Rights, Upon Funding
Price Per Sq Ft 63.34
Property Description $125K price drop; priced well below appraisal! Excellent commercial investment opportunity in the heart of Main Street corridor in historic Las Vegas, NM! Zoned C-2
Roof Metal - Propanel
Showing Instructions 24 Hour Notice, Agent Present, Call Listing Office, Other - See Remarks
Status Active
Status Active
Tax Year 2018
Tenant Pays Other - See Remarks
Terms Cash, Conventional
Type Multi/Mixed Use
Water City
Year Built 1926
Zoning C-2

Interior Features

Electricity Public
Flooring Carpeting, Other - See Remarks, Tile

Exterior Features

Lot Dimensions 80' x 94'
Lot Sq Ft 7405
Parking Facilities Parking Area, Parking Garage, Paved, Street Parking
Sewage City

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the White Rock, NM office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

1/3/2020 Listed $725,000
5/22/2020 18% - $600,000

Property vs Zip Code Average in 87701

Price
AVG $330K
$600K
Taxes
AVG $2,019
$3,438
Visits
AVG 9
22
Year Built
AVG 1940
1926
Walkscore
AVG 61
77
Data Provided by Walkscore ® not using MLS data

Map

801 Douglas Street Las Vegas, NM is a Single Family Home for sale at $600000 with 9472 sqft and a lot size of 7,405 SqFt Acre(s). 801 Douglas Street Las Vegas has 0 bedrooms, 0 baths and was built in 1926. The property's zip code is 87701 which is in Las Vegas, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.