1802 Main St Los Lunas, NM 87031
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.
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
Similar Nearby for Lease
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.