127 W Main, Red River, NM 87558

List Price
Red River

Property Description

OWNER FINANCING AVAILABLE - Investment Opportunity 5 City Lots in the heart of Red River containing 14 self storage units and a 1,740 sf 2 bedroom house. This property has 125 ft of Main St frontage on the North side and is bordered by a municipal parking to the South. The property is currently income producing with all storage units at full capacity. The house is occupied by monthly tenant. To increase income, this house could be used as a vacation rental. The storage units sit back from the Main St leaving additional room for expansion toward Main St. It should be noted that the first floor of the first 50 ft of property from Main St lies within the Tourist Overlay Zone and must be used for purposes conforming to ordinance 2016-10. (available in associated documents) Financials available to qualified buyers with receipt of a signed Non Disclosure Agreement available at: http://bit.ly/3DbMHpM

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Listing courtesy of Swan Realty.