0 Tbd Valencia St St Las Vegas, NM 87701
This exceptional 1.2-acre commercial lot presents a unique investment opportunity in the heart of Las Vegas, New Mexico's historic Old Town Plaza area. Located at TBD Valencia Street, 87701, this property boasts a prime location within San Miguel County, offering unparalleled access to the city's vibrant cultural scene and established businesses. Zoned C-2 (Central Business District) with a CH (Cultural Historical) Overlay, this land allows for a variety of commercial developments while respecting the area's rich heritage. The C-2 zoning ensures compatibility with the surrounding commercial landscape, while the CH overlay safeguards the historical character of Old Town Plaza. City utilities, including power and telephone, are readily available, simplifying the development process. The 1.2-acre size provides ample space for a substantial project, making it an ideal canvas for entrepreneurs and developers seeking to establish a presence in this desirable location. This property's strategic location and flexible zoning make it a compelling investment prospect with significant potential for future growth and return. The latitude and longitude coordinates are 35.5922141, -105.2297715. Don't miss this chance to acquire a piece of Las Vegas's rich history and vibrant future.
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.