This is one of those hard to find in-town properties within only a few blocks of the Taos Plaza, and sitting on a corner lot on a heavy traffic road. This 2x6 frame and adobe home was remodeled in 2005 and has a new upgraded gas stove and electric oven, a new microwave, a new gas wall heater in 3rd room area, a new water filter, a new well pump, and a water softener unit. The home has 5 entrances, 2 patios, 2 portals, a courtyard with an adobe wall enclosure, parking in front and back, and a city lot on the west to expand. The bordering Silver Ditch feeds trees year around. The traffic on this corner is heavy and conducive to converting the extra R-4 land into another unit, or a combined commercial use with a zone change from the current R-4 residential zoning. The neighbors have already signed a 'Termination of Restrictive Covenant' as the first step in redeveloping this property for commercial use. The property is near the historical district and only a few blocks off the main highway through Taos. This is truly a 'one-of-a-kind' location with fantastic potential as either a personal residence or as a commercial property - with great potential for a possible live-in commercial property. This is one hot property, priced for either the homeowner seeking a prime convenient in-town location, or the professional looking for an affordable vibrant growth site!