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    OFF-MARKET
    Land

    2601 7Th St, Clovis, NM 88101

    83.51 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 83.51-acre land parcel presents a unique investment opportunity in Clovis, New Mexico. Strategically located at 2601 E 7th Street, this property boasts a prime location near Clovis Community College, offering excellent visibility and accessibility. The land is zoned for a mix of commercial and residential multi-family uses, providing considerable flexibility for development. The commercial zoning is situated along the 7th Street frontage, while the rear portion of the property allows for multi-family development, creating diverse development possibilities. This versatile zoning allows for a range of projects, from retail spaces and office buildings to apartment complexes or a combination thereof. The property's significant size offers ample space for large-scale projects or the potential for phased development. Existing utilities are readily available, simplifying the development process and reducing upfront costs. This location in Curry County, New Mexico, zip code 88101, offers a compelling combination of accessibility, zoning flexibility, and proximity to a major educational institution, making it an attractive proposition for developers and investors seeking a substantial land holding with significant potential. The asking price for this expansive property is $450,000.

    Property profile
    Verified
    Property type Land
    Lot 83.51 ac (3,637,696 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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