Property summary
This exceptional 0.73-acre parcel presents a unique investment opportunity in Tularosa, New Mexico. Located on Central Ave, this property boasts a highly desirable C3 zoning designation, permitting both commercial and residential development. The land is situated at the entrance to an established residential neighborhood, offering convenient access to US-70E and easy commutes to nearby towns including Mescalero, Ruidoso, and Alamogordo. The versatile zoning allows for a wide range of possibilities, from a small apartment complex generating rental income to various commercial ventures. This prime location offers significant potential for developers seeking a multi-family or commercial building site. Utilities are conveniently located at the property line, simplifying the development process. The existing covenants explicitly permit business operations on the lot, adding to its appeal for entrepreneurs and investors. This is a rare opportunity to acquire a strategically located, multi-use property in a growing area of Otero County. Don't miss out on this chance to build your future in Tularosa. The asking price is $65,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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