705 Paseo del Pueblo Sur

$1,300,000

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705 Paseo del Pueblo Sur

$1,300,000

Contact Presenting Broker

    Caroline Russell

    Caroline D. Russell

    (505) 699-0909

    Key Features

    • MLS: T112560
    • Status: Active
    • Price: $1,300,000
    • Area: TOWN OF TAOS (45A)
    • Type: Retail
    • Acres: 0.6

    About this Property

    PRIME INVESTMENT + ADDITIONAL DEVELOPMENT OPPORTUNITY IN TAOS! Commercial investment property with strong occupancy and lease history. The property is comprised of two buildings with gross building area of approximately 7500 SF on 1.022 acres. The complex includes two buildings at the SE Corner of Paseo del Pueblo Sur: Song's Chinese restaurant - 3000 SF, and the former law office building, a beautiful adobe, consisting of four suites surrounding a courtyard - 4500 SF. The corner site presents a prime redevelopment drive-thru opportunity at one of Taos' most visible commercial intersections. The property is fully leased, with a strong occupancy and leasing history. Financial information is available upon request to listing broker and an executed NDA. The site is located upon the main commercial corridor, directly east of Albertson's supermarket and shopping center, at the entrance street to Taos High School. The site enjoys high visibility, ample parking, good traffic flow to both Paseo del Pueblo Sur and La Posta Rd. will serve a drive-thru and tenants. The adobe offices and courtyard are historic and well-maintained, with recent renovations and additions. This property is both a strong investment and development opportunity! Any recorded documents regarding this property are provided as a courtesy only. Buyers should only rely on the documents provided by title and any survey. Neither the Listing Broker nor the Seller warranty the square footage of the buildings or the acreage of the property. If the size of the buildings or the acreage of the property is of any material consideration to the buyer, then the buyer should have it measured and/or surveyed and act accordingly before finalizing any transaction.

    Additional Features

    • Type Retail
    • Subdivision Vista De Taos
    • Days On Market 40
    • UtilitiesCable Available, Electricity Available, Natural Gas Available
    • HeatingBaseboard, Fireplace(s), Hot Water, Other, Radiant
    • Construction MaterialsSee Remarks, Stucco, Wood Siding, Adobe
    • RoofBitumen
    • Water SourceDrilled Well, Public, Well
    • SewageConnected

    Schools

    Listing Brokerage

    IDX listing

    John Phillips

    Berkshire Hathaway HomeServices Taos Real Estate

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    The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Sotheby's International Realty ® are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.