0 Historic Highway 66 Gallup, NM 87301
This exceptional 5-acre commercial land parcel presents a unique investment opportunity along the iconic Historic Route 66 in Gallup, New Mexico. Located at TBD B W Historic Hwy 66, zip code 87301, this property boasts unparalleled visibility and accessibility, situated near a thriving mix of businesses, schools, and residential areas. Its prime location offers significant advantages for a variety of commercial ventures. The relatively flat terrain simplifies development, and the presence of nearby city utilities streamlines the construction process. The property's proximity to Interstate 40 ensures convenient commutes and easy access for customers and employees. This ready-to-develop lot is ideal for a range of commercial uses, and its size also allows for the potential of multi-unit residential development, subject to local zoning regulations. With its strategic location and significant development potential, this 5-acre parcel represents a compelling investment opportunity in a dynamic and growing community. The asking price for this remarkable property is $180,000. This is a rare chance to own a piece of Americana and capitalize on the enduring appeal of Route 66. Don't miss this chance to secure your spot on this iconic highway.
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
Similar Nearby for Sale
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.