1898 Grand Ave Ave Las Vegas, NM 87701
This exceptional commercial property, located at 1898 N Grand Ave in Las Vegas, New Mexico, presents a unique investment opportunity. Priced at $695,000, this special purpose property boasts significant land acreage ideal for future development. Situated on the north end of Grand Avenue, the property benefits from a highly desirable commercial location within the city's growth zone. The substantial lot size offers considerable potential for various commercial ventures. Detailed survey information is available for review in the uploaded documents, providing comprehensive insights into the property's boundaries and characteristics. This prime location on the north side of Grand Avenue ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strategic foothold in a thriving area. The property's zoning and potential for development should be independently verified. Don't miss this chance to acquire a substantial commercial parcel in a rapidly growing area of Las Vegas, New Mexico. The address is 1898 N Grand Ave, Las Vegas, NM 87701.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.