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    Second St Gallup, NM 87301

    For Sale
    $582,500

    Prime Gallup commercial land, 6.686 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6.686-acre commercial land parcel presents a unique investment opportunity in Gallup, New Mexico. Strategically located on S Second Street, this property boasts significant frontage, offering excellent visibility and accessibility. Its prime location directly across from the new Auto-Plex and adjacent to a Family Dollar store ensures high traffic volume and strong potential for a variety of commercial uses. The property's size and location make it ideal for development, providing ample space for a range of businesses. The asking price of $582,500 translates to an attractive price per square foot of $2.00, representing a compelling value in the current market. Detailed site surveys and environmental assessments are recommended for prospective buyers to fully understand the development potential and any associated costs. The property's address is listed as TBD S Second Street, Gallup, NM 87301, within McKinley County. This is a rare opportunity to acquire a substantial commercial land parcel in a high-traffic area with significant growth potential. Don't miss this chance to secure a prime location for your next commercial venture. Further information regarding zoning and permitted uses is available upon request.

    Property Features for 0 Second St

    General Information

    Property type
    Land
    Lot Size
    291,242 SF

    HighLights

    • $582,500 asking price.
    • 6.686‑acre commercial land parcel.
    • Located in Gallup, NM, at TBD S Second Street, zip code 87301.
    • High visibility location across from the new Auto‑Plex and adjacent to Family Dollar.
    • Priced at $2.00 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.73898637391
    Latitude
    35.505492273823

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    FAQs

    What type of property is this?
    Land - Prime Gallup commercial land, 6.686 acres.
    Where is this land located?
    The property is located at Second St Gallup, NM.
    What is the asking price?
    The asking price for this property is $582,500.
    What are key features of this property?
    This property features: $582,500 asking price.; 6.686-acre commercial land parcel.; Located in Gallup, NM, at TBD S Second Street, zip code 87301.
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    Second St Gallup, NM 87301
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    Gallup, NM 87301
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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
    Second St Gallup, NM 87301
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