2900 Martin Luther King Junior Blvd Clovis, NM 88101
This exceptional 5.1+ acre commercial property in Curry County, New Mexico, is ideally situated adjacent to Clovis. Priced at $440,000, it presents a unique opportunity for cannabis cultivation and related businesses. The property boasts a state-approved setup, including a climate-controlled 50' x 40' metal insulated barn (14-foot sidewalls) currently equipped for 600 plants. All necessary growing equipment is included, encompassing grow lights, an irrigation system, a security system, and dry tents. Further enhancing its potential, a 30' x 40' insulated metal building awaits conversion into an additional grow room. A 37' x 60' shedrow provides ample equipment storage, complemented by a 20' x 25' shed for additional storage or tools. This location offers significant advantages: ample space for expansion, favorable zoning allowing for retail and consumption lounge uses, and lower gross receipt taxes compared to Clovis. The existing buildings are well-maintained and ready for immediate use or expansion. This property represents a turnkey solution for a thriving cannabis operation.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.