1177 SE Nm-554 El Rito, NM $ 1,200,000
1177 SE Nm-554
$ 1,200,000
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1177 SE Nm-554

El Rito, NM, 87530
$ 1,200,000
Baths0.0 Sq 5,000

Monthly Estimate*

$ 7,976

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Studio

Commercial Property for sale in El Rito, NM

for $1,200,000. This 5,000 square foot building was built in 1900 on a lot size of 1.1.

The El Llano Bar and Merchantile in El Rito, New Mexico for sale. Tremendous income opportunity. Never on the market, and has been in the local Garcia family for many generations. A great deal of room for expansion into possible restaurant, pool and dance hall, etc. Has viga beams underneath ceiling for those looking for the traditional New Mexico look. Family wants to keep the liquor license attached to the business and this location. The Garcia family have been longtime business men and ranchers in the El Rito area. El Rito was one of the first Spanish settlements in northern New Mexico. The oldest church in New Mexico is here, restored to its' original splendor back in the 1980's. El Rito is surrounded by Carson National Forest. The National Forest has a Ranger District office in El Rito. El Rito is also home to the El Rito campus of Northern New Mexico College. Endless opportunities for art gallery, increased mercantile, gas or other sales possibilities. High traffic count and good demand for demand for products in the area. Live the country dream in a nice quaint area while having a very source of investment income coming in.

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

1.1

Year Built

1900

Town/City

El Rito

County/Region

Rio Arriba

MLS | Web ID

202400215

Features
General
Utilities HighSpeedInternetAvailable ElectricityAvailable
Possession ClosingFunding CloseOfEscrow
Roof Metal Pitched
Zoning BCD
Construction Materials Adobe Block Frame
Year Built 1900
Electric Generator
Property SubType Business
Current Use Restaurant
Business Type Commercial Other
County Rio Arriba
Property Type CommercialSale
Possible Use Commercial MixedUse Office Other Retail Warehouse
Garage Y/N No
Status Active
Directions Go to El Rito. On NM 554. Property on the left side.
City El Rito
Lot Size Square Feet 47916.0
Street Name NM-554
Listing Terms Cash Conventional
MLS Area Minor 40-El Rito
Lease Considered Y/N No
Days on Market 0
Building Area Units SquareFeet
Lease Type None
Standard Status Active
Year Built Source Owner
Property Sub Type Additional Business
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Interior
Flooring Wood
Basement (Y/N) No
Fireplace Y/N No
Total Baths 0
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Exterior
Parking Features OffSite Paved ParkingLot OnStreet
Water Source CommunityCoop
Lot Size Area 1.1
Building Area Total 5000.0
Lot Size Acres 1.1
Lot Size Units Acres
Lot Size Source Owner
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Internal Only
Street Number 1 1177
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* Excluded Features
List By
David Cordova

Listing Agent

Sotheby's Int. Re/Grant

Broker

david.cordova@sothebyshomes.com

Email

Affordability Calculator

$7,976
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,976
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
831258 Elementary School
830993 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/5/2024$1,200,000 Listed Price

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1177 SE Nm-554, El Rito, NM, 87530 is a Commercial Property for sale at $1,200,000 with 5,000 sqft and a lot size of 1.1. 1177 SE Nm-554 is a studio with 0.0 baths and was built in 1900. The property's zip code is 87530 which is in El Rito, NM