C-5 Lexco Est Phase 1 Moriarty, NM 87035
- Commercial real estate
- 1.89 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for C-5 Lexco Est Phase 1
- Lot size
- 1.89 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.89-acre commercial lot, identified as Lot C-5 in Lexco Estates Phase 1, Moriarty, New Mexico, presents a unique investment opportunity. Strategically located just off historic Route 66 and Lexco Road, this property benefits from high visibility and significant traffic flow between the thriving communities of Edgewood and Moriarty. The lot is designated as a level M-1 commercial parcel, ensuring versatile development potential. All essential utilities are readily available, including buried power lines for electricity, natural gas, water, and sewer connections – eliminating costly infrastructure setup. The development boasts paved and curbed roads, enhancing accessibility and aesthetic appeal. The property's proximity to Route 66 guarantees substantial traffic exposure, making it ideal for a wide range of commercial ventures. Furthermore, the possibility of acquiring an adjacent 1-acre lot (MLS #1023659) offers expansion potential for larger-scale projects. This is a rare chance to secure a well-situated, fully serviced commercial lot in a rapidly growing area. The asking price for this exceptional property is $94,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moriarty
- County
- Torrance
- State
- New Mexico
- Longitude
- -106.121
- Latitude
- 35.0115