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    2601 7Th St Clovis, NM 88101

    For Sale
    $450,000

    83.51 Acres, Multi-Family Zoning, Utilities Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 83.51-acre land parcel presents a unique investment opportunity in Clovis, New Mexico. Strategically located at 2601 E 7th Street, this property boasts a prime location near Clovis Community College, offering excellent visibility and accessibility. The land is zoned for a mix of commercial and residential multi-family uses, providing considerable flexibility for development. The commercial zoning is situated along the 7th Street frontage, while the rear portion of the property allows for multi-family development, creating diverse development possibilities. This versatile zoning allows for a range of projects, from retail spaces and office buildings to apartment complexes or a combination thereof. The property's significant size offers ample space for large-scale projects or the potential for phased development. Existing utilities are readily available, simplifying the development process and reducing upfront costs. This location in Curry County, New Mexico, zip code 88101, offers a compelling combination of accessibility, zoning flexibility, and proximity to a major educational institution, making it an attractive proposition for developers and investors seeking a substantial land holding with significant potential. The asking price for this expansive property is $450,000.

    Property Features for 2601 7Th St

    General Information

    Property type
    Land
    Lot Size
    3,637,696 SF

    HighLights

    • $450,000 asking price.
    • 83.51‑acre land parcel.
    • Located in Clovis, NM, at 2601 E 7th Street, Curry County, zip code 88101.
    • Zoned for multi‑family and commercial development.
    • Conveniently located near Clovis Community College.
    • Utilities available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.1735485
    Latitude
    34.4048288

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    FAQs

    What type of property is this?
    Land - 83.51 Acres, Multi-Family Zoning, Utilities Available
    Where is this land located?
    The property is located at 2601 7Th St Clovis, NM.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; 83.51-acre land parcel.; Located in Clovis, NM, at 2601 E 7th Street, Curry County, zip code 88101.
    Request Owner's contact information
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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
    2601 7Th St Clovis, NM 88101
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