1810 Riverside DrEspañola, NM 87532

Property Details for 1810 Riverside Dr

Lot size

0.60 AC

Property size (Sq ft)

9,200 SF

Property type

Individual retail properties

APN

1 047 122 225 082

APU

1047122225082

Description

This exceptional 3,007 square foot mixed-use property, situated on a 0.57-acre lot at 1810 N Riverside in Espanola, NM, presents a unique investment opportunity. The building's versatile design allows for a multitude of uses, currently configured as two distinct units, each with its own restroom facilities. A central kitchen separates the spaces, enhancing functionality. The east side features several office rooms, ideal for professional services or administrative functions. The west side offers a large, open area, perfect for retail, a workshop, or adaptable to various business needs, complemented by a smaller office. The property boasts significant architectural charm, showcasing authentic Northern New Mexican style with prominent vigas and beams, a shepherd's fireplace, a water fountain, hornos (traditional ovens), intricately carved pillars, and carved doors. Its location along the Riverside adds to its appeal and visibility. The seller is open to exploring creative financing options and potential rental arrangements, making this an attractive proposition for both owner-occupiers and investors. The commercial district zoning allows for a wide range of business services. This property offers a blend of historical character and modern adaptability, making it a truly unique investment in the vibrant Espanola market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,057,460

  6.5%

  $1,899,200

  7%

  $1,763,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,806,160

  Geo Method

  $790,508

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,712,020

  Mixed-Use / Specialty

  $1,889,030

  Hospitality / Lodging

  $1,381,500

  Office

  $1,874,270

  Institutional / Educational

  $1,962,620

  Residential Income

  $2,296,260

  Multifamily

  $2,772,840

  Automotive / Energy

  $1,682,240

  Parking / Income-Based Land

  $583,877

  Restaurant / Food Service

  $975,254

  Healthcare / Senior Housing

  $1,940,650

Location Insight

City

Espanola

County

Rio Arriba

State

New Mexico

Latitude

36.019

Longitude

-106.065

CBSA code

21580

CBSA name

ESPANOLA, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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