2601 7Th St, Clovis, NM 88101
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.
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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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.