Carlsbad NM - 2000 Acres +/-

Vacant Land for Sale
Catylist Listing ID: 30298870
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 970 - 1,941 Acres
Sale Price: $4,800,000 - 35,000,000
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/27/2018

Overview / Comments

Covering almost three sections just Southeast of the Carlsbad airport with frontage on both sides of Hwy 180 (National Parks Highway) and set right in the heart of the oil and gas fields of the Permian Basin. Frontage suitable for retail, industrial and commercial sites.

The general area is considered excellent for commercial/residential and possibly RV park usage due to the large need for permanent and temporary housing. Just minutes from the airport and the famous Carlsbad Caverns, the area is well known for the exploding growth of industry related to the energy sector.

The greatest value of the land would be the water resource making possible for industrial development, oil and gas well drilling operations as well as providing resources for housing, commercial and industrial development. Currently, the site has been used for drilling as well as a number of water wells.

Income opportunities include solar field, fracking, drilling (oil/gas/water) and land lease for energy sector-related industries.

Hypothetical vertical opportunities for development include up to 2,500 multi-family and apartments. 650+ single family homes, 250+ senior housing units, 1,720+ RV park units, 468+ acres of industrial park for engineering, science & technology innovation, and 500 acres for open space, schools, and police/fire supporting public services.

Additional Details

Nearest MSA: Carlsbad-Artesia
County: Eddy
Taxing Authority: Eddy County NM
Tax ID/APN: Available upon request
Zoning: MIXED USE
Property Visibility: Excellent
Legal Description: Available upon request
Highway Access: US Hwy 62/180
Airports: Carlsbad City Air Terminal
Site Description: The site has numerous pipelines located on the property, with well pads supporting pumping jacks. In addition easements for the airport, located west of the property exist. Environmental reports are available upon request and with an acceptable PSA.
Lot Frontage: 2 miles on Hwy 180
Zoning Description: Mixed Use for Industrial, Commercial, Residential and Agricultural development
Development Name: Carlsbad 960
Topography: Level
Easements: Pipelines, Electric Lines, Ingress/Egress, Water Rights, Utilities, Environmental
Easements Description: Available upon request
Water Service: Well, Other
Sewer Type: None

Demographic Statistics

Proximity: 5 miles
Total Population: 1,650
Median Age: 34.82
Households: 597

Contact

Photograph of Listing Agent

Tim Lopez

KW Commercial CARNM CIE Member
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