Prime Farmland & Water Rights

Vacant Land for Sale
Catylist Listing ID: 29896493
Property Subtypes: Agricultural, Mobile Home Park, Residential (Single Family), Other
Gross Land Area: 196.91 Acres
Sale Price: $750,000 - 1,570,000
Unit Price: $3,808 - 7,973 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

• Property consists of Two Tracts: Tract One - 156.81 Acre tract that runs along martin Lane; Tract Two - 40.10 Acre tract which runs along King Road.
• Transferable CMA water rights in the Estancia Basin.
• +/- 99 Acre feet per year of water rights for commercial, domestic, housing subdivision, or irrigation use. Ells E-1085 & E-1085-S, Water Rights can be sold separate from real estate.
• Redevelop and sell off as smaller scale farming communities.
• Long-term investment for future residential development.
• For Land $750,000.00 or +/- $3,808.85 per acre.
• CMA Water Rights $820,000.00 or +/- $8,282.83 per acre foot.

• Located in the heartland of Moriarty’s farming community.
• 2.2 Miles from I-40 Frontage Road.

OWNER FINANCING AVAILABLE TO QUALIFIED BUYER

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Torrance
Tax ID/APN: 1046055257395000000
Easements: Water Rights

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,382 5,622
Median Age: 37.24 39.45
Households: 554 2,149

Contact

Photograph of Listing Agent

Amar Tesch II

Coldwell Banker Commercial Las Colinas
CARNM CIE Member
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