3301-3608 Richardson Ave Artesia, NM 88210
This exceptional 8-acre property in Artesia, New Mexico, presents a unique investment opportunity. Located at 3301-3608 W Richardson Avenue, Eddy County, zip code 88210 (latitude 32.8396199, longitude -104.438778), this land is already subdivided into 26 individual lots, significantly streamlining the development process. The property boasts readily available city utilities, including water, sewer, and power conveniently located in the north and south alleys. Adding to its appeal, natural gas service is readily accessible nearby on the south side. This pre-planned layout minimizes upfront infrastructure costs and accelerates the potential for immediate development and return on investment. The asking price for this strategically positioned and well-serviced land is $200,000. This presents a compelling opportunity for developers seeking a quick start on a profitable project in a desirable New Mexico location. The property's existing infrastructure and subdivision make it ideal for residential or commercial development. Contact us today to learn more about this exceptional opportunity.
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
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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.