2210 Opal St Carlsbad, NM 88220
This exceptional 170.9-acre land parcel presents a compelling investment opportunity in Carlsbad, New Mexico. Strategically located west of 2210 Opal Street, this property benefits from convenient access via the newly opened (2023) West County Bypass Road. A portion of the land is also accessible from Dona Ana Road, Martin Lane, and Opal Street to the east, offering multiple points of entry. A significant advantage is the availability of city water on Martin Lane, simplifying development plans. Furthermore, a portion of this expansive property possesses potential for city annexation, opening doors to a wider range of development possibilities and potentially increasing its value. The property's size and location make it suitable for a variety of uses, from commercial development to potential residential subdivisions, subject to local zoning regulations and approvals. The asking price is $1,452,650. This represents a unique chance to acquire a substantial land holding in a growing area of Eddy County, New Mexico, with excellent infrastructure access and future development potential. The property is located in the 88220 zip code.
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
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