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SPECIAL PROPERTIES
 
The Burro Street  Exchange – Cloudcroft
$2,350,000

The Burro Street Exchange is a 15 unit retail center with a prime downtown location.  The only unit of its size and kind within the Village limits.  Built in 1998, the style reflects the old west ambiance of the Village of Cloudcroft.

Offering Price:     $2,350,000

Property Location: The Burro Street Exchange is centrally located in the shopping district in the Village of Cloudcroft. Burro Avenue is pedestrian friendly with approximately 50 retail stores, businesses, and eateries. The Burro Avenue experience is rarely missed by visitors to the area!

Property taxes: $5,242 (appr.) Insurance: $5,032 (appr.)

Leases: Occupancy is a mix of retail stores, professional offices, and eateries. Units range in size from 284 sft. to 1380 sft. and rent from $750/month to $1800/month. Leases typically run 3 to 5 years and are based on square footage and location. Three are currently tied to the Consumer Price Index. All are gross leases with the tenants paying utilities (see below).

Year Built: 1998

Framing: Steel and wood. Two stories

Exterior: Mixed medium – brick and wood. “New” West style

Interior walls: Wood frame with Styrofoam and R19 insulation.

Roof: Pitched metal. Top grade, mountain rated

Heating: Hydronic floor heating with 4 boilers. Rental units have individual thermostats

Cooling: Open your windows and doors and enjoy the mountain air!

Square footage: approximately 13,300 (appr. 1,000 sft. is common hallways and restrooms)

Boardwalk: Wood plank, covered, approximately 10’ wide

Balcony: Wood plank, covered, approximately 10’ wide

Parking: Store front parking available as well as a 23 vehicle private parking area.

Lot size: 189’ x 124’

Utilities: Village water and sewage (prorated among tenants), LPG (prorated among tenants), electric individually metered
 

WHAT MAKES THIS PROPERTY UNIQUE?
By: Michelle Meyn, Realtor & Tenant of the Burro Street Exchange

The Burro Street Exchange is truly a one-of-a-kind property in the Village of Cloudcroft.  It is the newest commercial building in the Village offering superior construction, better energy efficiency, and less maintenance and repairs than its older counterparts.  Yet, it has maintained the old west ambiance of the Village with its architectural design and western style.  We call it “new” west.

The benefits to tenants are numerous.  First, the location is second to none.  Although the Village is small, we’ve found that tourists do not always go out of their way to visit stores off the Boardwalk or off of Burro Avenue.  Speaking as a former tenant of another Burro Avenue location, I can say without hesitation that our foot traffic more than quadrupled when we made the move to the Burro Street Exchange.

Additionally, because BSE is a newer building, tenants do no have the maintenance problems experienced by tenants in older buildings.  No leaky roofs, rotting floors, or drafty windows and doors, etc. . .

As in any small town, parking is also an issue in Cloudcroft.  There is street parking in front of all major Burro Avenue businesses including the BSE.  However, what BSE has which no other business on Burro Avenue does is additional, off street parking for approximately 23 vehicles located behind the building. 

The addition of the Burro Street Exchange in 1998 was a tremendous boost for the Village and attraction for tourists and locals alike.  With its balance of retail shops, eateries and businesses, the BSE is a one stop shopping experience.  The covered boardwalk, easy storefront access, and numerous boardwalk benches are welcoming and inviting.  Walk down the boardwalk on a warm summer day and you’ll find most tenants have their doors wide open, very inviting and friendly to passersby, not to mention convenient for moving through the door when you have a multitude of purchases in hand!

While the shoppers in the family do their thing, those less inclined to “sprees” can sit leisurely on one of the boardwalk benches, visit the WIFI coffee shop, or browse local real estate listings.  Christmas is a special time in the Village and the BSE is no exception.  The landlord and tenants take pride each year in decorating the building and individual units in preparation for the Village lighting contest.    

All in all, we believe that you will not find a better business opportunity in the Village.  Southern New Mexico and Cloudcroft in particular is still a secret destination for many, however, it is not as “secret” as it once was.  More and more people are discovering southern New Mexico for themselves through the Internet, friends, and recent articles in the Wall Street Journal and other regional publications.   While we will never be a metropolis (thank goodness!) our time is coming and this is an opportunity you don’t want to miss! 

 

211 Rockcliff Road – La Luz
$1,650,000

Private horse property in La Luz – This exquisitely built canyon estate is teeming with custom details.  The main house offers spectacular views of the Tularosa Basin and surrounding BLM canyons and has a steam room, sauna, hot tub and fitness room.  The master bedroom is elegantly appointed with a kiva fireplace and Mediterranean style balcony.  The “club” house is almost entirely handcrafted with such fine details as a Rojo marble wet bar and a Russian Artisan fireplace mantel.  Enjoy the heated in ground swimming pool or enjoy a movie in the privacy of your home theater.  Each of six horse stalls is equipped with automatic water and private runs.  In addition there is an adobe round pen, hay barn, tack room, outdoor grill and stage.  Recently added is a studio apartment.

Michelle's Note: The pictures don’t really do this property justice.  There are so many special, custom touches in this home that’s its difficult to choose a favorite.  However, I think the most impressive feature, and one that the current owners have immensely enjoyed, is the privacy the property affords.  Aside from the expansiveness of the house and the various rooms one can enjoy, the estate is on 9 acres bordering miles and miles of public land.  Because there are few restrictions, this property could serve as a B&B, fitness or health resort, dude ranch or corporate retreat.  Then again, it’s working quiet well as a private residence!

 

Ryan's "Ranch" – High Nogal
$799,000

A “hip pocket” listing which you’ll only see here. The owner has lived here 14 years and has worked on this 8+ acres creating a park-like setting. There are several structures on the property including the main house, a small guest cabin (no utilities), a horse pen, workshop and wonderful gazebo. Very private with lovely views, several possible building sites and a trout pond. Property has its own registered spring plus a shared well for water.

Michelle's Note: If you are not familiar with High Nogal, you should be! A really terrific location for a family or corporate get-a-way near national forest and miles or recreational trails. This is the property for the buyer looking for privacy, wildlife, water and the perfect setting for your dream home.

 

The Cottages at Cloudcroft – Village of Cloudcroft
$350,000

Three rustic cabins with a total of seven rental units. A great investment opportunity. Live in one and rent out the others. Five of the units have two bedrooms, one bath, a kitchenette and cozy fireplace. The other two rental units are one bed/one bath each. Units come fully furnished and equipped. Nice location in the Village near Zenith Park, the tennis courts and the Pavillion “playhouse.” Owner will consider financing.

Michelle's Note: I love the rustic, nostalgic feel of these cabins with the knotty pine walls and stone fireplaces. A unique opportunity to own a piece of the Village!

 

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MICHELLE MEYN, Owner/Qualifying Broker
Prudential Blue Water Real Estate
Toll free: 1-877-430-0664
Tel: 505-682-3566
Email: michelle@michellemeyn.com
 

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