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Property profile & analytics
OFF-MARKET
Commercial real estate

1906 Old Us 66 Edgewood, NM 87015-6745

728 SF 0.75 ac lot
Entity Owned 12-yr Hold Free & Clear
Property ID
US61-0230346
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 728 SF
Lot 0.75 ac (32,670 SF)
APN 98700254
UPID US61-0230346
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
New Mexico Dev LLC · 12 yrs held
New Mexico Dev LLC
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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