Commercial Land for Sale

Vacant Land for Sale
Catylist Listing ID: 30785700
Property Subtypes: Industrial, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 28.85 Acres
Sale Price: $865,000
Unit Price: $29,982 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

28.85 acres of commercial land located 1.5 miles North of Alamogordo NM city limits in Otero County. Lot is directly South of Hwy 54 at the intersection of Keelin Rd. Property has 697 feet of frontage along Hwy 54/70 with three dedicated and paved access points. Land is mostly desert landscape with approximately 2 acres cleared on the East side of the property, along the frontage of Hwy 54/70. Electricity is on site, land has a well on site with 6-inch casing designated for sanitary and commercial use, septic on site, high pressure gas runs along west side of Hwy 54. Owner is willing to divide into two halves, a 14.4 acre North lot and a 14.4 acre South Lot. Price per lot will vary for this arrangement. Owner willing to finance with 50% down, 30-year amortization and 5-year balloon.

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Additional Details

Nearest MSA: Alamogordo
County: Otero
Taxing Authority: Otero County
Tax ID/APN: 01O4053090364326
Property Located Between: US Hwy 54/70
Property Visibility: Good
Legal Description: S: 33, T: 15 R: 10 Part of N1/2N1/2SE1/4
Largest Nearby Street: US 54
Feet of Frontage: 697
Highway Access: US 54
Airports: ELP & Las Cruces International Airport
Lot Frontage: 697 feet
Lot Depth: 1893 feet
Topography: Other
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,660 23,728
Median Age: 41.48 40.82
Households: 1,868 9,916
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