2-3 Grand Ave Las Vegas, NM 87701
This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in Las Vegas, New Mexico. Located at LOTS 2-3 South Grand Ave, this property boasts a highly desirable location within San Miguel County, zip code 87701. The land is designated for commercial use, offering significant potential for development. With its expansive size, this site is suitable for a variety of commercial ventures, from retail establishments and office buildings to light industrial facilities. The asking price is $790,000, representing a compelling value given the property's size and strategic location within a growing community. The property's coordinates are 35.5880049 latitude and -105.2160298 longitude, allowing for easy identification and site analysis. This is a blank canvas for a visionary developer seeking to capitalize on the burgeoning commercial landscape of Las Vegas, New Mexico. Serious inquiries are encouraged to explore the possibilities this prime commercial land offers. The property is available for immediate sale. Don't miss this chance to acquire a significant piece of commercial real estate in a thriving New Mexico market. All interested parties should conduct their own due diligence.
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.