0 Tovar Rd Carlsbad, NM 88220
This exceptional 10.13-acre commercial land parcel presents a unique investment opportunity in Eddy County, New Mexico. Located on Tovar Road in Carlsbad, NM, zip code 88220, this property offers significant potential for various commercial developments. The expansive lot provides ample space for a wide range of uses, subject to local zoning regulations. The property's convenient location offers easy access to major transportation routes, enhancing its appeal for businesses seeking high visibility and accessibility. Existing livestock fencing is already in place, representing a potential cost savings for future development. The asking price for this remarkable property is $125,000. Detailed site surveys and environmental assessments are recommended for prospective buyers to fully understand the property's potential and to ensure compliance with all applicable regulations before any development plans are finalized. This is a rare opportunity to acquire a substantial commercial land holding in a growing New Mexico market. Coordinates for the property are 32.312716 latitude and -104.246382 longitude. Serious inquiries are encouraged to explore the possibilities this land offers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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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.