$100 K Price Drop! Excellent commercial investment opportunity in the heart of Main Street corridor in historic Las Vegas, NM! Zoned C-2, this 9472 sf solid 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 and Highlands University. Historically, this property has housed a mortuary, apartments, & offices, but would also be an excellent location for gallery, restaurant, recreation or entertainment venue, retail, or additional apartments. There are 6 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. The Appraised potential gross rental income (entire building) is $87,120 per year!
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