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    C-1 Lexco Est Phase 1 Moriarty, NM 87035

    For Sale
    $69,000

    Prime 1.22-acre commercial lot, Route 66 access.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 1.22-acre commercial lot, identified as Lot C-1 in Lexco Estates Phase 1, Moriarty, New Mexico, presents a unique investment opportunity. Strategically located just off historic Route 66 and Lexco Road, this property benefits from high visibility and significant traffic flow between the thriving communities of Edgewood and Moriarty. The lot is level and ready for immediate development, boasting all essential utilities already in place. These include buried power lines providing electricity, natural gas, water, and sewer connections, eliminating costly infrastructure setup. The property is further enhanced by paved and curbed roads, ensuring convenient access and a professional aesthetic. The high traffic volume of Route 66 provides excellent exposure for any commercial venture. This is a single lot offering, although additional acreage is available nearby (see MLS #1023657 for details on an adjacent 1.26-acre lot). The asking price for this exceptional property is $69,000, making it an attractive proposition for businesses seeking a prime location with immediate development potential. Don't miss this chance to secure a piece of Route 66 history and establish your business in a high-traffic area with all utilities readily available.

    Property Features for C-1 Lexco Est Phase 1

    General Information

    Property type
    Other commercial real estate
    Lot Size
    53,143 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Moriarty
    County
    Torrance
    State
    New Mexico
    Longitude
    -106.1207
    Latitude
    35.01151

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.22-acre commercial lot, Route 66 access.
    Where is this commercial real estate located?
    The property is located at C-1 Lexco Est Phase 1 Moriarty, NM.
    What is the asking price?
    The asking price for this property is $69,000.
    (505) 798-6300
    Request Owner's contact information
    C-1 Lexco Est Phase 1 Moriarty, NM 87035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    C-1 Lexco Est Phase 1 Moriarty, NM 87035
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