Property summary
This exceptional 1.44-acre commercial lot is ideally situated in the Lexco Estates Phase 1 development in Moriarty, New Mexico. Boasting a highly desirable location just off historic Route 66 and Lexco Road, this property benefits from significant traffic flow between the thriving communities of Edgewood and Moriarty. The lot is completely level and ready for immediate development. All essential utilities are conveniently in place, including buried power lines for electricity, natural gas, water, and sewer connections – eliminating the hassle and expense of utility installation. The development features well-maintained paved and curbed roads, ensuring easy access and a professional aesthetic. The strategic location offers excellent visibility and accessibility, making it perfect for a wide range of commercial ventures. This property presents a unique opportunity for businesses seeking a prominent location with established infrastructure. The lot's proximity to Route 66 guarantees high visibility and exposure to a substantial volume of daily traffic. While this particular listing is for 1.44 acres, the possibility of acquiring additional adjacent lots exists. This presents a flexible option for businesses requiring larger footprints or those looking to expand in the future. Don't miss this chance to secure a prime commercial location in a rapidly growing area. The asking price is $83,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
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