00 Pueblo Rd Lake Arthur, NM 88253
This exceptional 80.451-acre property presents a unique investment opportunity in Lake Arthur, New Mexico. Located at 00 Pueblo Road, this expansive parcel offers unparalleled versatility. The land is conveniently situated off paved Pueblo Road, providing easy access just north of Artesia, with Highway 285 nearby. The property boasts overhead power lines already in place, simplifying development plans. Its raw, undeveloped state allows for a wide range of possibilities, from creating a personal ranchette and raising livestock, to constructing a dream home, or developing a subdivision for upscale homes and smaller ranches. Alternatively, the acreage could be divided for commercial or trucking yards. The possibilities are truly endless. A significant advantage is that the current owner retains mineral rights and will transfer half of their ownership to the buyer, adding further value to this exceptional offering. The asking price for this remarkable property is $348,888. Located in Chaves County, New Mexico, with zip code 88253, this property is situated at latitude 33.0084205 and longitude -104.3662996. Don't miss this chance to acquire a substantial piece of New Mexico land with immense potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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