102 Mexican ave - Apartments FOR SALE


Cloudcroft, NM 88317 | 
$1,250,000 USD
575-415-4039
102 Mexican ave, Cloudcroft, NM for Sale
$1,250,000 USD
Apartments - FOR SALE
1/54
null | Request Cap Rate

102 Mexican ave
Cloudcroft, NM 88317


HIGHLIGHTS

  • Walking distance to shopping & restaurants
  • Been extensively renovated between 2021 and 2023

OVERVIEW

Introducing Osha Trail Lodging – A Turnkey Mixed-Use Investment Opportunity in the Heart of Cloudcroft, New Mexico Located just steps from the shops, restaurants, and attractions of historic Burro Street, Osha Trail Lodging offers investors a rare opportunity to own a fully renovated, income-producing mixed-use property in one of southern New Mexico's most desirable mountain destinations. Cloudcroft continues to attract visitors year-round with its cool climate, hiking, mountain biking, skiing, hunting, and vibrant downtown atmosphere. The 8,322-square-foot property underwent extensive renovations between 2021 and early 2024, blending modern amenities with the charm expected of a mountain lodge. Property Features Six Nightly Rental Suites Designed to accommodate a variety of travelers: Unit 1 – 2 Bedroom / 2 Bathroom Unit 2 – 1 Bedroom / 1 Bathroom Unit 3 – Two-Story, 2 Bedroom / 2 Bathroom Unit 4 – 1 Bedroom / 2 Bathroom (ADA compliant) Unit 5 – 2 Bedroom / 2 Bathroom Unit 6 – 1 Bedroom / 1.5 Bathroom Guests also enjoy a shared laundry facility, with a separate dedicated laundry area for housekeeping operations. Leased Retail Space The retail space is currently leased, providing dependable rental income and enhancing the property's diversified revenue stream. Leased Market/Grocery Space The former heated garage has been professionally converted into a market/grocery space and is currently leased, creating an additional long-term income source while serving both visitors and the local community. Storage Units Six storage units provide supplemental income potential, with three units currently leased and additional upside available through leasing the remaining units. Investment Highlights Multiple established income streams Renovated throughout (2021–early 2024) Prime walkable downtown Cloudcroft location Diverse revenue mix from nightly lodging, commercial tenants, and storage rentals Opportunity for future income growth through remaining vacant storage units Commercial/Industrial land use per Otero County Assessor Whether you're expanding an investment portfolio, pursuing the hospitality industry, or seeking a unique mountain commercial property with both short-term and long-term income, Osha Trail Lodging offers an exceptional combination of location, flexibility, and proven revenue potential.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,837 SF

ZONING

-

APN/PARCEL ID

R035186

ASK ABOUT THIS PROPERTY

Megan CorvinFuture Real EstateMore Info
575-415-4039

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Megan CorvinFuture Real EstateMore Info
575-415-4039

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.