For Sale Commercial Real Estate Listings in Elephant Butte, New Mexico
FOR SALE * $7,500,000 * Land * Elephant Butte, New Mexico * Full Listing
GREAT DEAL - NO zoning restrictions - 633 Lots - New-Mexico, ready for roads, electricity and phone.
This is a beautiful area in the beginning of a boom phase with a newly constructed Walmart, Lowe's, PLUS,
WORLD'S FIRST SPACEPORT (by Richard Branson, Virgin Airlines
Billionaire).
This is the ONLY pre-platted subdivision that is located near a large lake (the largest body of water in that area).
80% of the land has views of this wonderful lake.
633 lots within 2000 acres with NO zoning restrictions.
Home owners to install water and septic.
All entitlements and due diligence are complete.
Offered as a FIRE SALE for $7.5M, which means less than $3,800 per
acre!
With the current 633 platted lots, just by adding roads, electricity and phone, the land value will INCREASE to approximately $50M - $70M.
The property can be re-platted to 1100 lots with a water and waste
system, golf course, etc.
This will INCREASE the value dramatically.
Plus, THE...
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