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Property profile & analytics
OFF-MARKET
Land

2-3 Grand Ave Las Vegas, NM 87701

1.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in Las Vegas, New Mexico. Located at LOTS 2-3 South Grand Avenue, this property boasts an unparalleled location directly across from the New Mexico Department of Transportation and at the highly visible entrance to I-25 South. The land comprises two contiguous lots totaling 1.5 acres: Lot 2, measuring 0.6203 acres, and Lot 3, encompassing 0.9322 acres. Both lots are being sold together, offering a significant development opportunity. The strategic positioning in front of the Holiday Inn Express ensures high visibility and accessibility for any commercial venture. This prime location benefits from substantial daily traffic flow, making it ideal for a variety of commercial uses. The property's address is LOTS 2-3 South Grand Avenue, Las Vegas, NM 87701, situated in San Miguel County. The asking price for this exceptional commercial land is $790,000. Given its size, location, and high traffic count, this property represents a compelling investment opportunity with significant potential for future growth and return. The coordinates are 35.5880049 latitude and -105.2160298 longitude.

Property profile
Verified
Property type Land
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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