1232 8 St Cor Las Vegas, NM 87701
This exceptional 16,117 square foot commercial land parcel presents a unique investment opportunity in Las Vegas, New Mexico. Located at 1232 8th Street Corner, this property is zoned for commercial use and offers significant potential for development. The asking price is $140,000. The site requires the installation of all necessary utilities, a project that will necessitate collaboration with the City of Las Vegas Development Department to ensure compliance with all building codes and regulations. This property is ideal for entrepreneurs seeking to establish a new business or for investors looking to capitalize on the growing commercial sector in this vibrant New Mexico city. Situated in San Miguel County, with the address 1232 8th Street Corner, Las Vegas, NM 87701 (35.6018814, -105.2220172), this lot provides ample space for a variety of commercial ventures. The property's location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the community. Prospective buyers should be prepared to undertake the necessary utility connections and obtain all required permits from the city. This is a blank canvas ready for your vision. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving market.
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
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.