14525 Highway 187 Highway, Caballo, NM 87931

Listing Agency: Rio Mesa Realty

Listed By: Cheryl A Shipley · License NM #20121 Show Phone

Source: Crexi

Added: Sep 3, 2024 Changed: Nov 6 Last Checked: Nov 6 at 4:47PM

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Investment Insights

Based on property information with market context.

This 2.4-acre property in Southern New Mexico offers views of Caballo Lake and the surrounding mountains. The site includes a well, septic system, and electric hookups, along with an additional RV spot. Existing structures include a shop, a storage shed, and a 48 x 48 metal structure that could potentially be enclosed and converted into a home. The property is fenced and bordered by Bureau of Reclamation land, which helps to preserve the views. The property presents a potential opportunity for constructing a barndominium or building a new home.

Key Highlights

• 2.4 Acres with STUNNING Caballo Lake and Mountain Views
• Existing Well, Septic, and Electric Hookups already in place
• 48 x 48 Tall Metal Structure - potential for a barndominium!

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 87931, NM

633

Population

372

Households

1.7

Avg Household Size

62

Median Age

24%

College-Educated

98%

High-School Grad

166.7 sq mi

ZIP Area

4

Density / Sq Mi

$14,779

Median Earnings

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - 2.4 acres with utilities, views, and metal structure.

Where is this residential land & home lot located?

The property is located at 14525 Highway 187 Highway Caballo, NM.

What is the asking price?

The asking price for this property is $219,000.

What are key features of this property?

This property features: 2.4 Acres with STUNNING Caballo Lake and Mountain Views; Existing Well, Septic, and Electric Hookups already in place; 48 x 48 Tall Metal Structure - potential for a barndominium!