801 Douglas Street, Las Vegas, 87701




JM Crockett Realty
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$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!

Listing Details

Listing Agent: Jeanne-marie Crockett
Listing Office: JM Crockett Realty

Essential Information

MLS® #: 201900580
Price: $600,000
Square Footage: 9,472
Acres: 0.17
Year Built: 1926
Type: Commercial Building
Sub-Type: Multi/Mixed Use
Status: Active

Community Information

Address: 801 Douglas Street
Area: 28-San Miguel Cnty
City: Las Vegas
County: San Miguel
State: New Mexico
Zip Code: 87701


Parking: Parking Area, Parking Garage, Paved, Street Parking


Interior: Carpeting, Tile, Other - See Remarks


Lot Description: 80' x 94'
Roof: Metal - Propanel
Construction: Brick

Additional Information

Date Listed: February 19th, 2019
Days on Market: 844
Zoning: C-2
RE / Bank Owned: Yes


$/SqFt: $63

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