0 Tbd Valencia St St Las Vegas, NM 87701
This exceptional 1.2-acre commercial land parcel presents a unique investment opportunity in the heart of Las Vegas, New Mexico's historic Old Town Plaza area. Located at TBD Valencia Street, this property boasts a highly desirable C-2 (Central Business District) zoning classification, complemented by a CH (Cultural Historical) Overlay. The CH overlay designation underscores the property's location within a historically significant area, offering potential for development that respects and enhances the neighborhood's character. This prime location provides excellent visibility and accessibility, making it ideal for a variety of commercial ventures. City utilities, including power and telephone service, are readily available, simplifying the development process. The asking price for this remarkable property is $175,000. The 1.2-acre lot size offers ample space for a substantial development project, while its central location within the Old Town Plaza ensures high foot traffic and strong community engagement. This is a rare chance to acquire a significant piece of land in a vibrant and historically rich area of Las Vegas, New Mexico. The property's address is TBD Valencia Street, Las Vegas, NM 87701. Serious inquiries are encouraged.
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.