3802 Hwy Arkansas Junction, NM 88240
- Land
- 18.30 lot acres
Current Use by Public Records
- Land
Property Details for 3802 Hwy
- Lot size
- 18.30 lot acres
- Property type
- Land
Description
This exceptional 18.3-acre parcel, located at 3802 W Highway 42 in Monument, New Mexico (zip code 88240, Lea County), presents a unique opportunity for development. Priced at $310,000, this property boasts significant advantages for immediate construction. The land is already equipped with a functioning water well, ensuring a reliable water source. Electricity is readily available, eliminating a major hurdle in the building process. A substantial pipe fence encircles the entire property, providing security and defining boundaries. Beyond the existing infrastructure, this offering includes valuable water rights, a significant asset for future development and ensuring long-term water security. Situated in a rural setting, this property offers the peace and quiet of country living while remaining conveniently accessible via Highway 42. The coordinates are 32.6702606 latitude and -103.4049445 longitude. This is an ideal location for those seeking a buildable lot with essential utilities already in place. Don't miss this chance to acquire this ready-to-build land with the added benefit of water rights.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arkansas Junction
- County
- Lea
- State
- New Mexico
- Longitude
- -103.405
- Latitude
- 32.6703
