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    2-3 Grand Ave Las Vegas, NM 87701

    Sponsored
    For Sale
    $790,000

    1.5 Acres, High-Traffic Location, $790,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in Las Vegas, New Mexico. Located at LOTS 2-3 South Grand Avenue, this property boasts an unparalleled location directly across from the New Mexico Department of Transportation and at the highly visible entrance to I-25 South. The land comprises two contiguous lots totaling 1.5 acres: Lot 2, measuring 0.6203 acres, and Lot 3, encompassing 0.9322 acres. Both lots are being sold together, offering a significant development opportunity. The strategic positioning in front of the Holiday Inn Express ensures high visibility and accessibility for any commercial venture. This prime location benefits from substantial daily traffic flow, making it ideal for a variety of commercial uses. The property's address is LOTS 2-3 South Grand Avenue, Las Vegas, NM 87701, situated in San Miguel County. The asking price for this exceptional commercial land is $790,000. Given its size, location, and high traffic count, this property represents a compelling investment opportunity with significant potential for future growth and return. The coordinates are 35.5880049 latitude and -105.2160298 longitude.

    Property Features for 2-3 Grand Ave

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial land parcel in Las Vegas, NM, ideal for development.
    • High‑visibility location directly across from the New Mexico Department of Transportation and at the I‑25 South entrance.
    • Two contiguous lots (0.6203 acres and 0.9322 acres) totaling 1.5 acres, sold together.
    • High traffic counts due to proximity to Holiday Inn Express and I‑25.
    • Asking price: $790,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2160298
    Latitude
    35.5880049

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    FAQs

    What type of property is this?
    Land - 1.5 Acres, High-Traffic Location, $790,000
    Where is this land located?
    The property is located at 2-3 Grand Ave Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: 1.5-acre commercial land parcel in Las Vegas, NM, ideal for development.; High-visibility location directly across from the New Mexico Department of Transportation and at the I-25 South entrance.; Two contiguous lots (0.6203 acres and 0.9322 acres) totaling 1.5 acres, sold together.
    Request Owner's contact information
    2-3 Grand Ave Las Vegas, NM 87701
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    Las Vegas, NM 87701
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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
    2-3 Grand Ave Las Vegas, NM 87701
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