1906 Old Us 66 Edgewood, NM 87015-6745
This exceptional .75-acre commercial land parcel, located at 1906 Old US 66 in Edgewood, New Mexico, presents a unique investment opportunity. Zoned C2, this property is ideally suited for immediate development, boasting a prime location within a prominent retail corridor. The asking price is $49,000, translating to a land value of $1.50 per square foot. The site's 0.75-acre size offers ample space for a variety of commercial ventures. Its strategic positioning ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving market. Permitted drive access to NMSR 333 further enhances its convenience and appeal. This ready-to-develop site in Santa Fe County, New Mexico, zip code 87015, offers significant potential for immediate returns and long-term growth. The property's C2 zoning allows for a range of commercial uses, making it a versatile option for developers and investors alike. Don't miss this chance to acquire a highly desirable commercial land parcel in a rapidly growing area. The coordinates are 35.0609763 latitude and -106.1908192 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.