El Rito NM Commercial for Sale
$1,200,000
1177 SE NM-554 El Rito, NM 87530
- Type:
- Other
- Sq.Ft.:
- 5,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.1 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 202400215
ADDITIONAL INFORMATION
The El Llano Bar and Merchantile in El Rito, New Mexico for sale. Tremendous income opportunity. Never on the market, and has been in the local Garcia family for many generations. A great deal of room for expansion into possible restaurant, pool and dance hall, etc. Has viga beams underneath ceiling for those looking for the traditional New Mexico look. Family wants to keep the liquor license attached to the business and this location. The Garcia family have been longtime business men and ranchers in the El Rito area. El Rito was one of the first Spanish settlements in northern New Mexico. The oldest church in New Mexico is here, restored to its' original splendor back in the 1980's. El Rito is surrounded by Carson National Forest. The National Forest has a Ranger District office in El Rito. El Rito is also home to the El Rito campus of Northern New Mexico College. Endless opportunities for art gallery, increased mercantile, gas or other sales possibilities. High traffic count and good demand for demand for products in the area. Live the country dream in a nice quaint area while having a very source of investment income coming in.
El Rito Real Estate
The median home value in El Rito, NM is $250,000. This is lower than the county median home value of $253,100. The national median home value is $338,100. The average price of homes sold in El Rito, NM is $250,000. Approximately 77.03% of El Rito homes are owned, compared to 0% rented, while 22.97% are vacant. El Rito real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a El Rito real estate agent to arrange a tour today!
El Rito, New Mexico has a population of 898. El Rito is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 18.61%.
The median household income in El Rito, New Mexico is $20,820. The median household income for the surrounding county is $46,994 compared to the national median of $69,021. The median age of people living in El Rito is 39.6 years.
El Rito Weather
The average high temperature in July is 86.5 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 12.5 inches per year, with 30.3 inches of snow per year.