6 Sec Of I-25 & Hwy Los Lunas, NM 87031
This exceptional commercial property presents a unique investment opportunity in the thriving Los Lunas, New Mexico market. Located at the southeast corner of I-25 and Highway 6 (Main Street), this site boasts unparalleled visibility and accessibility. The property encompasses 12.386 acres and a substantial 713,512 square feet of space, currently vacant, and zoned C-1. This allows for a wide range of development possibilities, from a large-scale retail development to individual pad sites. The property's strategic location within the heart of Los Lunas' retail hub places it amongst established businesses such as Buffalo Wild Wings, Home Depot, Lowe's, Walgreens, Super Walmart, Discount Tire, Jiffy Lube, Sonic, Wendy's, and Chili's. High traffic counts further enhance its appeal, with Highway 6 averaging 26,400 vehicles per day and I-25 boasting 28,000 vehicles per day. Pricing is flexible, with pad sites available at $14 per square foot and bulk land sales at $6 per square foot. This property offers significant potential for substantial returns in a rapidly growing area. The property is classified as Retail and Land, suitable for a Grocery Store or other Commercial uses. The property is located in Valencia County, New Mexico, zip code 87031.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.