116 Lots Rd Aztec, NM 87410

Exceptional investment opportunity in Aztec, New Mexico. This expansive 4,617,360 square foot commercial land parcel, known as Panorama Heights Subdivision, comprises approximately 116 lots ranging from 0.75 to over 0.99 acres. Located off Road 3100, south of Southside River Road (Old Aztec Highway), the property offers significant potential. Currently, many lots are rented at $250 per month, with tenant-owned manufactured homes and recreational vehicles. Utilities (electricity, water, septic, propane, or natural gas) are available for all but one lot. The current vacancy rate is approximately 34%. Individual lots are also available for sale, priced between $47,000 and $52,000. The average lot price is $38,793, representing a 22% reduction from current market sales prices. Detailed financial information and further property specifics are accessible upon request. This presents a unique chance to acquire a substantial land holding in a growing area. The property is located in San Juan County, New Mexico, with the address listed as 116 Lots Road 3180-3192, Aztec, NM 87410. The asking price for the entire parcel is $4,500,000.