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    1616 Pacific St Las Vegas, NM 87701

    For Sale
    $60,000

    Build Your Dream Home! 1/3 Acre Lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 12,850.2 square foot lot presents a unique opportunity in Las Vegas, New Mexico. Located at 1616 South Pacific Street, this property boasts a desirable location just one block from the Old Town Plaza, offering easy access to the area's vibrant cultural scene and amenities. The lot is conveniently situated in San Miguel County, with the zip code 87701. City water and sewer services are readily available at the street, and electrical power is conveniently close by. Adding to its appeal, the property is fully fenced, providing privacy and security. This 1/3 acre parcel is ideal for constructing a new home, offering a blank canvas to create your perfect living space. The property's dimensions and location make it an attractive investment for those seeking to build in a historic and charming New Mexico setting. With its convenient utilities and prime location, this lot is ready for immediate development. Don't miss this chance to own a piece of Las Vegas, New Mexico.

    Property Features for 1616 Pacific St

    General Information

    Property type
    Land

    HighLights

    • 12,850.2 sq ft lot in Las Vegas, NM.
    • Located one block from Old Town Plaza.
    • San Miguel County, zip code 87701.
    • City water, sewer, and power readily available.
    • Fully fenced, 1/3 acre lot.
    • Ideal for new home construction.
    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
    -105.2265565
    Latitude
    35.591318

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    FAQs

    What type of property is this?
    Land - Build Your Dream Home! 1/3 Acre Lot.
    Where is this land located?
    The property is located at 1616 Pacific St Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: 12,850.2 sq ft lot in Las Vegas, NM.; Located one block from Old Town Plaza.; San Miguel County, zip code 87701.
    Request Owner's contact information
    1616 Pacific St 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
    1616 Pacific St Las Vegas, NM 87701
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