20 Nm 518 Hwy Las Vegas, NM 87701
- Land
- 5.00 lot acres
Current Use by Public Records
- Land
Property Details for 20 Nm 518 Hwy
- Lot size
- 5.00 lot acres
- Property type
- Land
Description
This exceptional 5-acre property, located at 20 NM 518 Highway in Las Vegas, New Mexico, presents a unique investment opportunity. Currently zoned for agriculture, this parcel offers significant potential for commercial development, given its prime location in the Seventh Street Commercial Area. The property boasts easy access to major thoroughfares throughout Las Vegas, providing excellent visibility and convenient access for businesses. Included in the sale is a modest two-bedroom, two-bathroom home, adding immediate value and potential for rental income or on-site management. The land itself is conveniently situated near a variety of amenities, including shopping, medical facilities, financial institutions, and recreational opportunities. Buyers should note that a ditch located on the south side of the property will be abandoned. The asking price for this versatile property is $500,000. This presents a rare chance to acquire a substantial land parcel with existing improvements in a growing New Mexico community. The property's location and potential for commercial rezoning make it an attractive investment for developers and entrepreneurs alike. The property's address is 20 NM 518 Highway, Las Vegas, NM 87701, within San Miguel County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- San Miguel
- State
- New Mexico
- Longitude
- -105.226
- Latitude
- 35.6293
