1115 Ave Carrizozo, NM 88301
This exceptional 0.27-acre commercial property in Carrizozo, New Mexico, presents a unique investment opportunity. Located at 1115 E Avenue, this lot encompasses 5,587 square feet and is ideally situated on a high-traffic corner of Highway 54, ensuring maximum visibility for any commercial venture. The property includes Lot 10, Block 11, part of Lot 11, Block 11, and Block 51 of the O.P. Addition. Previously housing a motel, the existing structures have undergone demolition, leaving the land cleared and ready for immediate development. The site's zoning allows for a variety of uses, including retail spaces, apartments, or other commercial establishments. With hundreds of cars passing daily, this location offers unparalleled exposure and potential for significant return on investment. The asking price is $299,000. This property is being sold as a single unit. The address is verified as 1115 E Avenue, Carrizozo, Lincoln County, New Mexico, 88301. The property's latitude and longitude coordinates are 33.6415467, -105.8776905 respectively.
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
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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.