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    Patton Ave And Aztec Ave Gallup, NM 87301

    For Sale
    $600,000

    7.36 Acres, Heavy Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 7.36-acre commercial land parcel presents a remarkable investment opportunity in Gallup, New Mexico. Located at the highly visible southwest corner of East Aztec Avenue and Patton Drive, this property boasts significant frontage on three streets: East Aztec Avenue, Patton Avenue, and Bortot Drive. Its strategic hard corner location ensures maximum exposure and accessibility, ideal for a wide range of commercial ventures. The property is zoned HC - Heavy Commercial, opening doors to diverse development possibilities. Potential uses include self-storage facilities, automotive businesses, office/warehouse complexes, and other high-impact commercial projects. The asking price is $600,000, translating to approximately $81,521 per acre, reflecting the land's prime location and development potential within McKinley County. The property's address is East Patton Avenue and Aztec Avenue, Gallup, NM 87301. This is a rare chance to acquire a substantial tract of land in a thriving commercial area, poised for significant growth and return on investment. The property's size and zoning make it an attractive proposition for developers seeking a strategic location with ample space for ambitious projects. Don't miss this opportunity to secure a piece of Gallup's commercial future.

    Property Features for 0 Patton Ave And Aztec Ave

    General Information

    Property type
    Land
    Lot Size
    320,602 SF

    HighLights

    • High‑visibility corner lot at the southwest corner of East Aztec Avenue and Patton Drive, with frontage on three streets.
    • Excellent development potential for various uses including commercial, self‑storage, automotive, and office/warehouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.69750519681
    Latitude
    35.527592039901

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    FAQs

    What type of property is this?
    Land - 7.36 Acres, Heavy Commercial Zoning
    Where is this land located?
    The property is located at Patton Ave And Aztec Ave Gallup, NM.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: High-visibility corner lot at the southwest corner of East Aztec Avenue and Patton Drive, with frontage on three streets.; Excellent development potential for various uses including commercial, self-storage, automotive, and office/warehouse.;
    (505) 722-7811
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    Patton Ave And Aztec Ave 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
    Patton Ave And Aztec Ave Gallup, NM 87301
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