3006 Canal St Carlsbad, NM 88220
This exceptional 2.07-acre commercial land parcel presents a rare opportunity for development in Carlsbad, New Mexico. Ideally situated at the high-traffic intersection of Highways 62/180 and Highway 285, this property boasts an impressive 450 feet of frontage, ensuring maximum visibility and accessibility. Zoned C2, the site is ready for a variety of commercial ventures. Existing infrastructure includes on-site power, simplifying the development process. The location offers excellent access and proximity to established retailers, including Walmart and Tractor Supply, creating a vibrant and thriving commercial environment. This property is a blank canvas for entrepreneurs seeking a strategic location with significant potential for growth and return on investment. The property was built in 1980. Please note that a trailer currently on the site will be removed prior to closing. This is a truly unique opportunity to acquire a highly desirable commercial property in a rapidly developing area. Don't miss out on this chance to secure your place in Carlsbad's thriving commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.