308 Main Ave Aztec, NM 87410
This exceptional 0 sq ft lot presents a remarkable investment opportunity in the heart of downtown Aztec, New Mexico. Conveniently located at 308 S MAIN Avenue, Aztec, NM 87410 (36.8199216, -107.9957548), this level building site offers significant potential for immediate development. The property has already received approval for the construction of two duplex units per owner, streamlining the development process and minimizing potential delays. This pre-approved status represents a substantial advantage, reducing the time and expense typically associated with obtaining necessary permits and approvals. Situated in San Juan County, this location provides easy access to the vibrant downtown area, offering proximity to local amenities, businesses, and services. Furthermore, its strategic location offers convenient access to Durango, Colorado, just a 40-minute drive away, expanding the potential market reach and appeal of any future development. Beyond the approved duplex plan, this versatile lot presents numerous other development possibilities, making it an attractive proposition for both experienced developers and investors seeking a promising venture in a thriving New Mexico community. The asking price for this exceptional property is $115,000.
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.