Estimated payment $9,964/month
About This Lot
Prime Investment Opportunity with Highway Frontage and Mixed-Use Zoning. Unlock the potential of over 200 acres of strategically located, multi-use land just off Highway 87 — a high-traffic corridor for travelers from Texas, Colorado, and New Mexico via I-25. This rare parcel offers a powerful combination of visibility, access, and zoning flexibility, making it ideal for both commercial and residential development. 60.82 acres are annexed into the city, with the frontage zoned C3 Commercial, perfect for retail, services, or hospitality. The remaining acreage is designated RHZ (Residential Holding Zone), suitable for housing, agriculture, or future expansion. With city water, electric, and gas available nearby, the groundwork is set for your next major development. Whether you’re planning a business park, commercial center, or residential community, this high-profile location offers limitless potential.
Property Details
Property Type
- Land
Est. Annual Taxes
- $931
Lot Details
- 212.81 Acre Lot
- Irregular Lot
- Zoning described as C-3 and RHZ
Utilities
- Natural Gas Not Available
- Septic Needed
Listing and Financial Details
- Assessor Parcel Number 11371850701541
Community Details
Overview
- Property has a Home Owners Association
Recreation
- Nearby Water Access
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/17/2025 05/17/25 | For Sale | $1,900,000 | -- | -- |
Source: New Mexico MLS
MLS Number: 20252833
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