0 Second St Gallup, NM 87301
This exceptional 3.72-acre commercial land parcel presents a compelling development opportunity in Gallup, New Mexico. Located on S 2nd St, zip code 87301, this property is zoned RHZ (Rural Holding Zone), a designation specifically for land held until development demand justifies construction. The strategic location offers significant advantages. To the west lies land designated for a country club, suggesting future upscale residential development. Conversely, to the east, the property benefits from the proximity to McKinley County Schools and retail establishments, ensuring a strong potential customer base for any future development. The asking price for this prime acreage is $80,000. This represents a unique chance to acquire land in a growing area with a clear path for future development, capitalizing on the existing infrastructure and projected growth. The property's coordinates are 35.52013756177318 latitude and -108.71090154829838 longitude. This presents a rare opportunity for investors seeking a strategic land acquisition in McKinley County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.