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1020 Lincoln Ave 512 Eleventh Ave

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

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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.

For Sale

Multifamily

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

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