Remarks

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.

Details

MLS#: 112560
Price: $1,300,000

Style: Retail
Year Built: 1875

Subdivision: Vista De Taos
Tax Fee: 7429.0699999999997