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Property profile

1802 Main St Los Lunas, NM 87031

OFF-MARKET
Retail properties & Spaces
43,560 SF 1 ac lot
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Property summary

AI-generated overview

This exceptional 1.1-acre commercial pad site, located at 1802 Main St NE, Los Lunas, NM 87031, presents a unique investment opportunity. Situated at the intersection of Main St NE and Edeal Rd, this property boasts a high-visibility location within the thriving Village of Los Lunas. Zoned C-1, it offers versatility for a range of commercial uses, including bank, QSR/fast food, office, and retail developments. The site encompasses 43,560 square feet of land, priced at $13.20 per square foot, or $585,000 per acre, with an asking price of $575,000. All utilities are available, making this a turnkey opportunity for developers and investors. The property is part of a growing area, with plans for additional businesses, including The Coffee Bean, further enhancing its appeal and potential for future growth. This ground lease property is owned by an LLC and is available for purchase. The property's riverfront location adds significant value and desirability. This is an ideal investment for those seeking a high-impact commercial venture in a dynamic and up-and-coming location. The information provided is believed to be reliable but should be independently verified.

Property profile

Verified
Property type Retail properties & Spaces
Total area 43,560 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1802 Main St Los Lunas, NM 87031
Los Lunas metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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