Santa Teresa Opportunity Zone
111 Avenida Ascencion, Santa Teresa, NM
For Sale
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Land parcels in Opportunity Zone with tax incentives.
Property SizeContact for details
Lot Size12.67 Acres
Days on Market1804
Property Features for 111 Avenida Ascencion
General Information
Standard status
Lot size
Property subtype
Listing Agency:
CBRE, Inc. - El Paso
(915) 585-3883
Listed By:
Ricardo Fernandez
(915) 539-2083
Source:
Moodyscre
Added: Dec 2, 2021
Changed: Nov 7
Last Checked: Nov 8 at 6:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc. - El Paso
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Investment Insights
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Available land parcels are located in an Opportunity Zone. New Mexico allows for overweight cargo, up to 96,000 lbs., and 18 ft. width. Businesses entering from Mexico can unload within a six-mile radius. The state offers aggressive tax incentives, including 67% less real estate and personal property taxes than a neighboring state, no inventory tax, no sales taxes charged for trade support companies, a Foreign Trade Zone, an overweight cargo zone out of Santa Teresa Port of Entry, tax credits for job creation, and a Job Training Incentive Program. The Union Pacific Railroad chose Santa Teresa to build one of their largest intermodal yards in its entire system, providing rail service and overseas container storage. Recent developments include an MCS manufacturing building, a Federal Express distribution facility, and the Cold Valley Storage Facility, completed in 2017.
Key Highlights
- Located in an Opportunity Zone.
- Significant tax incentives including lower property taxes, no inventory tax, and credits for job creation.
- Access to one of Union Pacific's largest intermodal yards.
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Trade Area within ½ mile
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Market
Properties on Market for Land in Santa Teresa
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Land - Land parcels in Opportunity Zone with tax incentives.
Where is this land located?
The property is located at 111 Avenida Ascencion Santa Teresa, NM.
What are key features of this property?
This property features: Located in an Opportunity Zone.; Significant tax incentives including lower property taxes, no inventory tax, and credits for job creation.; Access to one of Union Pacific's largest intermodal yards.
