Property profile

2908 E 7Th St Clovis, NM 88101

FOR SALE
Land
Property ID
US61-0865380
1.47 ac lot
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Property summary

AI-generated overview

This exceptional 1.469-acre commercial land parcel presents a unique investment opportunity in Clovis, New Mexico. Strategically located between Clovis Community College and the Clovis Civic Center, this property boasts high visibility and convenient access. The lot, measuring approximately 64,000 square feet (256 feet of frontage on East 7th Street by 250 feet deep), is zoned for commercial use and offers all necessary utilities. Its prime location makes it ideal for a variety of commercial ventures, capitalizing on the high traffic flow and proximity to established community institutions. A survey is available for review. The asking price for this ready-to-develop property is $95,000, representing a compelling value in the current market. This is an excellent chance to secure a well-situated commercial lot in a thriving New Mexico community. The property's address is 2908 E 7th Street, Clovis, NM 88101, within Curry County. The lot's size and location provide significant potential for future development and return on investment.

Property profile

Verified
Property type Land
Lot 1.47 ac (63,990 SF)
UPID US61-0865380

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2908 E 7Th St Clovis, NM 88101
Clovis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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