XX1 Rd Kirtland, NM 87417
Prime commercial land in Kirtland, New Mexico, is available for sale at $495,000. This exceptional property boasts two commercial lots situated on a high-traffic corridor with excellent visibility from Highway 64, offering a strategic location for businesses seeking exposure. The land is conveniently located on the street leading into the Riverview Golf Course, ensuring a steady stream of potential customers. The lots are already cleared and prepared for immediate development, saving time and resources for the buyer. This presents a unique opportunity for developers or entrepreneurs to establish a thriving commercial hub within the town of Kirtland. Utilities are readily accessible, with gas and water lines present in the street and electricity available nearby. Sewer connection may be possible through the Kirtland system, or a private septic system could be installed. The seller is also open to considering lease options. Adjacent lots are also available for purchase, providing potential for expansion or development of a larger commercial complex. This property offers a compelling investment opportunity with significant potential for growth and return. The MLS numbers for this property and adjacent lots are 20-1406 and 20-1407.
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
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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.