1020 Lincoln Ave 512 Eleventh Ave
1020 Lincoln Ave, 512 Eleventh Ave Las Vegas, NM 87701

Overview
MIXED-USE INVESTMENT OPPORTUNITY | BELOW-MARKET RENTS
$569,500 | 5,574 SF | Corner Lot | Las Vegas, NM
Discover a rare value-add opportunity in the heart of Las Vegas, NM. This 5,574 SF mixed-use property sits prominently on a corner lot and features six residential units plus a 1,000 SF retail space currently operating as a neighborhood grocer.
All units are individually metered and fully occupied, with rents significantly below market, offering immediate upside for investors. The residential units provide steady income, while the retail space adds commercial flexibility and tenant diversity to the portfolio.
Property Highlights:
- 6 Residential Units + 1 Retail Unit
- 5,574 Total SF
- Corner Lot for Maximum Visibility
- Current Gross Income with Significant Upside Potential
- Well-Established Retail Tenant in Place
- Zoned for Mixed Use
Located near local amenities, schools, and transit routes, this property offers long-term potential for cash flow growth through rent adjustments or light value-add improvements.
Attachments
For Sale
Secondary Uses: Mixed Use
- Sale Price
- $569,500
- Price Per SF
- $102.2/SF
- Building Size
- 5,574 SF
- Acres
- 0.7 ac
- Zoning
- R-1A
- Building Name
- Lincoln Multifamily
- County
- San Miguel
- Created
- 2025-05-19
- Updated
- 2025-05-19
- Listing ID
- b0f17e9d