213-1 Coleman Rd Carlsbad, NM 88220
This exceptional 820.22-acre land parcel presents a unique investment opportunity in Carlsbad, New Mexico, situated in Eddy County. The property, located at 213-1 Coleman Road, zip code 88220, boasts a substantial size ideal for various development projects or as a significant land holding. Access to the property is facilitated by an existing easement on Cactus Road. A key feature is the inclusion of an Otis water meter, providing a crucial utility connection. The seller is offering attractive owner financing options, making this a particularly accessible acquisition for qualified buyers. The property's coordinates are 32.32418 latitude and -104.22441 longitude. While the marketing materials initially mentioned a smaller 9.16-acre parcel, this listing clarifies the total acreage is significantly larger at 820.22 acres. This expansive land area offers considerable potential for a wide range of uses, subject to local zoning regulations and permitting requirements. Serious inquiries are encouraged to explore the possibilities of this substantial land holding in a desirable New Mexico location. The asking price for this substantial property is $180,000.
Cap rate
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Property description
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