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    308 Main Ave Aztec, NM 87410

    Sponsored
    For Sale
    $115,000

    Prime Aztec, NM lot; approved for duplexes.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0 sq ft lot presents a remarkable investment opportunity in the heart of downtown Aztec, New Mexico. Conveniently located at 308 S MAIN Avenue, Aztec, NM 87410 (36.8199216, -107.9957548), this level building site offers significant potential for immediate development. The property has already received approval for the construction of two duplex units per owner, streamlining the development process and minimizing potential delays. This pre-approved status represents a substantial advantage, reducing the time and expense typically associated with obtaining necessary permits and approvals. Situated in San Juan County, this location provides easy access to the vibrant downtown area, offering proximity to local amenities, businesses, and services. Furthermore, its strategic location offers convenient access to Durango, Colorado, just a 40-minute drive away, expanding the potential market reach and appeal of any future development. Beyond the approved duplex plan, this versatile lot presents numerous other development possibilities, making it an attractive proposition for both experienced developers and investors seeking a promising venture in a thriving New Mexico community. The asking price for this exceptional property is $115,000.

    Property Features for 308 Main Ave

    General Information

    Property type
    Land

    HighLights

    • $115,000 asking price.
    • Vacant land parcel.
    • 0 square feet (lot size to be verified).
    • Located at 308 S MAIN Avenue, Aztec, NM 87410.
    • Approved for construction of two duplexes.
    • Excellent downtown Aztec location, 40 minutes from Durango, CO.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -107.9957548
    Latitude
    36.8199216

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    FAQs

    What type of property is this?
    Land - Prime Aztec, NM lot; approved for duplexes.
    Where is this land located?
    The property is located at 308 Main Ave Aztec, NM.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: $115,000 asking price.; Vacant land parcel.; 0 square feet (lot size to be verified).
    Request Owner's contact information
    308 Main Ave Aztec, NM 87410
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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
    308 Main Ave Aztec, NM 87410
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