7000 Old Cavern Hwy Carlsbad, NM 88220
- Land
- 159.68 lot acres
Current Use by Public Records
- Land
Property Details for 7000 Old Cavern Hwy
- Lot size
- 159.68 lot acres
- Property type
- Land
Description
This exceptional 159.68-acre parcel presents a compelling investment opportunity in Carlsbad, New Mexico. Situated conveniently south of Old Cavern Highway and Derrick Road, this expansive tract offers significant potential for various development projects. The asking price is $558,880, translating to an attractive price point of $3,500 per acre. The property's location offers proximity to existing industrial development, suggesting strong potential for synergy and growth. Water access is readily available through the Otis Water District, or the possibility exists to drill a private well, providing flexibility for future development plans. The property's size and strategic location make it an ideal candidate for a range of uses, from industrial expansion to potential residential or commercial development, subject to local zoning regulations and approvals. This substantial land holding in Eddy County represents a rare chance to acquire a significant acreage in a developing area of New Mexico. The address is 7000 Old Cavern Highway, Carlsbad, NM 88220. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the property's potential and limitations.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carlsbad
- County
- Eddy
- State
- New Mexico
- Longitude
- -104.234
- Latitude
- 32.3375
