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    1802 Main St Los Lunas, NM 87031

    Sponsored
    For Sale
    $575,000

    Prime 1.1-acre riverfront retail opportunity.

    Property size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.1-acre commercial pad site, located at 1802 Main St NE, Los Lunas, NM 87031, presents a unique investment opportunity. Situated at the intersection of Main St NE and Edeal Rd, this property boasts a high-visibility location within the thriving Village of Los Lunas. Zoned C-1, it offers versatility for a range of commercial uses, including bank, QSR/fast food, office, and retail developments. The site encompasses 43,560 square feet of land, priced at $13.20 per square foot, or $585,000 per acre, with an asking price of $575,000. All utilities are available, making this a turnkey opportunity for developers and investors. The property is part of a growing area, with plans for additional businesses, including The Coffee Bean, further enhancing its appeal and potential for future growth. This ground lease property is owned by an LLC and is available for purchase. The property's riverfront location adds significant value and desirability. This is an ideal investment for those seeking a high-impact commercial venture in a dynamic and up-and-coming location. The information provided is believed to be reliable but should be independently verified.

    Property Features for 1802 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    43,560 SF
    Class
    A
    Lot Size
    43,560 SF

    HighLights

    • Prime 1.1‑acre riverfront retail pad site in Los Lunas, NM.
    • Located at the intersection of Main St NE and Edeal Rd.
    • C‑1 zoning permits various commercial uses.
    • High visibility location with all utilities available.
    • Excellent investment opportunity in a growing area; asking price $575,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    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
    Los Lunas
    County
    Valencia
    State
    New Mexico
    Longitude
    -106.71403799182
    Latitude
    34.803546567316

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    FAQs

    What type of property is this?
    Restaurant - Prime 1.1-acre riverfront retail opportunity.
    Where is this restaurant located?
    The property is located at 1802 Main St Los Lunas, NM.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Prime 1.1-acre riverfront retail pad site in Los Lunas, NM.; Located at the intersection of Main St NE and Edeal Rd.; C-1 zoning permits various commercial uses.
    Request Owner's contact information
    1802 Main St Los Lunas, NM 87031
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    Los Lunas, NM 87031
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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
    1802 Main St Los Lunas, NM 87031
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