116 Lots Rd Aztec, NM 87410

This exceptional investment opportunity encompasses 106.67 acres of commercial land in the Panorama Heights Subdivision of Aztec, New Mexico. The property consists of approximately 116 individual lots, ranging in size from 0.75 to over 0.99 acres. Currently, many lots are rented at a monthly rate of $250, generating consistent income. Tenants own the manufactured homes and recreational vehicles situated on the lots. The property boasts a high occupancy rate, with only approximately 34% vacancy. All but one lot is equipped with essential utilities, including electricity, water, septic, and either propane or natural gas hookups. Individual lots are also available for sale, with prices ranging from $47,000 to $52,000. The average lot price is significantly reduced to $38,793, representing a 22% discount from previous sales prices. This presents a compelling opportunity for investors seeking substantial returns. The property is conveniently located off Road 3100, south of Southside River Road (Old Aztec Highway) in Aztec, NM. Detailed financial statements and further information are available upon request. This is a rare chance to acquire a large-scale commercial land portfolio with immediate income potential and significant upside.