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    2-3 Grand Ave Las Vegas, NM 87701

    For Sale
    $790,000

    1.5 Acres, $790,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    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 Ave, this property boasts a highly desirable location within San Miguel County, zip code 87701. The land is designated for commercial use, offering significant potential for development. With its expansive size, this site is suitable for a variety of commercial ventures, from retail establishments and office buildings to light industrial facilities. The asking price is $790,000, representing a compelling value given the property's size and strategic location within a growing community. The property's coordinates are 35.5880049 latitude and -105.2160298 longitude, allowing for easy identification and site analysis. This is a blank canvas for a visionary developer seeking to capitalize on the burgeoning commercial landscape of Las Vegas, New Mexico. Serious inquiries are encouraged to explore the possibilities this prime commercial land offers. The property is available for immediate sale. Don't miss this chance to acquire a significant piece of commercial real estate in a thriving New Mexico market. All interested parties should conduct their own due diligence.

    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.
    • Located at LOTS 2‑3 South Grand Ave, San Miguel County, zip code 87701.
    • Zoned for commercial use, suitable for retail, office, or light industrial development.
    • Asking price: $790,000.
    • Immediately available.
    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, $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.; Located at LOTS 2-3 South Grand Ave, San Miguel County, zip code 87701.; Zoned for commercial use, suitable for retail, office, or light industrial development.
    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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