Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1518 Michigan Ave Roswell, NM 88201

    For Sale
    Contact for pricing

    7,509 sq ft lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 7,509 square foot land parcel presents a remarkable opportunity for development in Roswell, New Mexico. Located at 1518 N Michigan Avenue, this property boasts a desirable northwest Roswell address, nestled between existing residential homes. The convenient location offers easy access to nearby utilities, simplifying the construction process and reducing potential development costs. The lot's size provides ample space for a variety of projects, from single-family homes to smaller multi-family dwellings, making it an attractive investment for builders and developers alike. Zoned for residential use (verification recommended), this property is ready for immediate development. Its strategic location within a well-established neighborhood offers a blend of tranquility and accessibility, appealing to a wide range of potential buyers. The asking price of $15,000 represents a compelling value for a property of this size and location in Roswell, New Mexico. This is a rare chance to acquire a prime piece of land in a growing community, offering significant potential for future appreciation. The property is situated in Chaves County, New Mexico, with a zip code of 88201. Don't miss this chance to secure this valuable asset. Further due diligence is recommended to confirm zoning and utility availability.

    Property Features for 1518 Michigan Ave

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.533909
    Latitude
    33.410124

    Nearby Similar for Sale

    • New
      $320,000
      Pending

      Farmhouse on 8+ Acres

      Charming farmhouse with equestrian amenities and income potential.
      905 W Pine Lodge Rd, Roswell, NM 88201
      View Details
    • New
      $3,250,000
      80.48 Acres

      Resort-Style Pistachio Farm Estate

      80+ acre pistachio farm with adobe home and casitas.
      353 N Red Bridge Rd, Roswell, NM 88201
      View Details
    • New
      $275,000
      6,599 SF

      Downtown Roswell Mixed-Use Property

      Spacious commercial building in downtown Roswell with versatile open layout.
      210 N Richardson Ave, Roswell, NM 88201
      View Details
    • $450,000
      4,166 SF

      Roswell Landmark Business Opportunity

      Turn-key flower shop with property, inventory, and vehicles included.
      405 W Alameda St, Roswell, NM 88203
      View Details
    • New
      $1,300,000
      6,675 SF

      Roswell Medical Office For Sale

      Medical office near Lovelace Medical Center, convertible to other uses.
      115 E 19Th St, Roswell, NM 88201
      View Details
    • $450,000
      0.58 Acres

      Roswell Multifamily Investment Opportunity

      Expandable tiny home village concept with existing rental income.
      208 E Mathews St, Roswell, NM 88203
      View Details

    FAQs

    What type of property is this?
    Land - 7,509 sq ft lot, excellent location.
    Where is this land located?
    The property is located at 1518 Michigan Ave Roswell, NM.
    What is the asking price?
    The asking price for this property is $15,000.
    Request Owner's contact information
    1518 Michigan Ave Roswell, NM 88201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1518 Michigan Ave
    Roswell, NM 88201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1518 Michigan Ave Roswell, NM 88201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.