4X Road 1191, La Plata, NM 87418
This exceptional 4.75-acre parcel, encompassing 174,240 square feet, presents a unique opportunity in La Plata, New Mexico. Situated on a hilltop, the property boasts breathtaking views and a tranquil setting, approximately 10 miles from Farmington, off La Plata Highway near the Colorado border. The land offers significant potential for building a custom home or establishing a dwelling on a permanent foundation. While a septic system will be required, electricity is available, and the La Plata Water Users Line is currently being installed along the road. Future homeowners will need to obtain a water meter. Enjoy the privacy afforded by the Bureau of Land Management (BLM) land bordering the property to the west, ensuring no immediate neighbors to the rear. The seller is open to negotiating short-term owner financing with a reasonable down payment and is also willing to discuss land/home package options. This is an ideal location for those seeking a peaceful, secluded setting with convenient access to Farmington. The property is located at 4X Road 1191, La Plata, NM 87418. The asking price for this remarkable property is $110,000.
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
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