24XX Hwy 61 Hwy Hanover, NM 88041-0000
This exceptional 10.637-acre property in Grant County, New Mexico, presents a unique investment opportunity. Located near the intersection of Highways 61 and 35, the land boasts a picturesque setting in the lower Mimbres Valley, offering stunning views of the surrounding mountains. A significant feature is the Mimbres River running through the property, with a bench above the valley providing a potential homesite. The property includes an established apple orchard extending across both sides of the river, adding to its appeal and potential for agricultural use. Water rights are secured through 1870 priority irrigation rights from the Hereida Ditch, ensuring a reliable water source. While offering a secluded feel, the property maintains convenient access to major roadways. Furthermore, its location offers a clear line of sight to a regional antenna/cell tower, potentially presenting additional opportunities. The asking price for this remarkable property is $190,000. The property's address is 24XX Highway 61 Highway, San Lorenzo, NM 88041.
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.
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Risks
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