0000 Las Alturas Dr Mesquite, NM 88072
This exceptional commercial land offering in Vado, New Mexico presents a unique investment opportunity. Comprising four contiguous lots totaling five acres, this property is zoned C-3, allowing for a wide range of commercial development possibilities. The parcels are conveniently located near the newly constructed racetrack, providing excellent visibility and accessibility. Each lot is individually identified by its respective Assessor's Parcel Number (APN): 4-016-148-056-453, 4-016-148-047-432, 4-016-148-034-463, and 4-016-148-025-442. The seller is offering the entire five-acre parcel for $500,000. Alternatively, individual lots are available for purchase at $150,000 each. The property is situated at 0000 Las Alturas Drive, Vado, NM 88072, offering convenient access to Mesquite and other nearby communities. This prime location, coupled with the flexible zoning and proximity to the racetrack, makes this an ideal investment for developers seeking high-growth potential. The property's latitude and longitude coordinates are 32.141288, -106.6468584, respectively. Don't miss this chance to acquire a significant commercial land holding in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.