Property summary
This exceptional 20-acre property presents a unique opportunity in the tranquil Indian Knolls Subdivision of Fence Lake, New Mexico. Situated just south of Highway 36 in Cibola County, this land boasts a 12' x 30' cabin, perfect for a weekend getaway or a foundation for your dream home. While the property requires some cleanup and tender loving care, its inherent qualities are undeniable. Mature pinon trees provide natural beauty and shade, while expansive views add to the serene atmosphere. The quiet subdivision offers peace and privacy, free from the constraints of a homeowner's association. Utilities are conveniently located along the property line, with electricity and telephone readily accessible. The cabin is pre-wired for a solar system, showcasing a commitment to sustainable living. A water catchment system is already in place, providing a resourceful approach to water management. While a septic system is not currently installed, the groundwork is laid for future development. This 20-acre parcel in Fence Lake, NM, offers a blend of rustic charm and potential, making it an ideal investment for those seeking a peaceful retreat or a promising land opportunity in Cibola County. The property's zip code is 87315.
Property profile
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Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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