27489 Us Highway 70 Glencoe, NM 88324

Property Details for 27489 Us Highway 70

Lot size

11.73 lot acres

Property size

24,000 SF

Property type

Bars

Property subtype

Pubs

Description

This exceptional 24,000-square-foot multi-use property, situated on 11.7 acres of high desert terrain in Glencoe, New Mexico, presents a remarkable investment opportunity. Located directly on US Highway 70, this property boasts high visibility and easy access. The main building, currently housing a custom furniture maker, offers a versatile layout including manufacturing space, a showroom, offices, a greenhouse, a former distillery tasting room, ample storage, and a warehouse. Three loading docks and fourteen dock-high doors facilitate efficient operations. The 20-foot ceiling height provides ample vertical space. The property also includes a separate on-site residence, two smaller outbuildings (one a 600 sq ft rental apartment, the other a 240 sq ft storage building), and a substantial gated entrance with extensive gravel parking for 55 vehicles. Infrastructure includes a 600-amp substation with three-phase service, a private well, a 10,000-gallon water storage tank, and septic. Currently operating under no zoning restrictions, this property offers endless possibilities for diverse uses, including but not limited to manufacturing, retail, entertainment, warehousing, or even a mixed-use development. The asking price is $2,500,000 ($104.17/sq ft). The seller will consider a sale or a long-term lease with a substantial down payment. This unique property, with its rich history and prime location, presents an unparalleled chance to establish or expand a business in a rapidly growing area of New Mexico. The property's existing infrastructure and versatile layout make it ideal for a wide range of commercial ventures.

Location Insight

City

Glencoe

County

Lincoln

State

New Mexico

Longitude

-105.43272851227

Latitude

33.418716527835