Current Use by Public Records
- Warehouses
Property Details for 8103 Main St
- Year built
- 1980
- Property type
- Warehouses
- Property subtype
- Land
Description
This exceptional 88235 NM property, located at 8103 SE Main Street in Lake Arthur, presents a unique investment opportunity. Priced at $412,440, this land parcel offers significant potential for various commercial, industrial, or residential uses. Built in 1980, the property boasts prime highway frontage, approximately nine miles north of Artesia, New Mexico, capitalizing on the growth trajectory of oilfield service developments in the area. Its strategic location near the Chaves County line and the northern edge of Artesia's irrigated farmlands provides excellent accessibility and visibility. The entire tract has been cleared by the owner, eliminating the need for extensive site preparation, and making it immediately ready for development. This versatile property is ideal for entrepreneurs and investors seeking a well-positioned land asset in a thriving region. The property is classified as Land, Industrial, and encompasses Commercial, Warehouse, and Manufacturing subtypes. Its proximity to Artesia and its strategic location within Chaves County make it an attractive option for a wide range of development projects. The cleared land is a significant advantage, minimizing upfront costs and accelerating the development timeline. This is a rare opportunity to acquire a ready-to-develop property in a dynamic and growing market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Arthur
- County
- Chaves
- State
- New Mexico
- Longitude
- -104.367
- Latitude
- 32.9982
