726 Paseo del Pueblo Norte, Taos, NM 87571

Property Description

This commercial property is comprised of .27 of an acre and boasts 3,290 sq. ft. of open showroom space conveniently located off Paseo del Pueblo Norte. Originally, the property encompassed one large building space which existed and is known to Taosenos as the Los Compadres Bar. At some point, the building was divided into two spaces which now exists as 724 and 726 Paseo del Pueblo Norte and which have their own legal descriptions. 726 Paseo del Pueblo Norte (the right side of the building and parking lot) is the only part of the building available for purchase. Only 2/3 interest is being sold. Please see survey and floor plan in the associated docs. The current use of the entire structure is currently being rented by one tenant who is using the two sections of the building as a retail store. The survey and floor plan clearly depict what is being sold. When entering the property, again you will see that the floor plan is currently open and being used as one space. A wall share agreement will need to be executed prior to closing between the owners of 724 and 726 Paseo del Pueblo Norte and a defined wall will need to be built establishing clear boundaries of each section, which would need to be completed by the new owners after closing. Additionally, the portion of the property being sold is currently not serviced by Town of Taos water or sewer. To connect these public utilities to the Town of Taos would require the new owner to work with the Department Of Transportation (DOT), the Town of Taos and a plumber/contractor to bore through the main highway to bring the utilities across. There are currently no functioning bathrooms on the portion of the building being sold. The property does need some TLC and work, but don't let that deter you from the fact that this building is located in a very high trafficked location which presents a great opportunity for a business owner. Schedule your showing today.