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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FOR SALE * $6,500,000 * Land * Elephant Butte, New Mexico * Full Listing
Property consists of 633 undeveloped lots which have been platted and approved by Sierra County. Located
just west of Rock Canyon and Long Point at Elephant Butte Lake, NM's largest lake within 500 miles. Conveniently located equidistant between El Paso, Texas, and Albuquerque. Lots range between 1-4 acres. Served by Sierra Electric Coop and Valor Telephone. Homeowner must drill own well and install own septic. Community is preparing for huge economic development, including Spaceport America, 20 mi to the south, and Hot Springs Motorplex development, a master-planned recreational and commercial development which will include a NASCAR track,RV parks, motels, and other recreational facilities. The new world-class Turtleback Mountain Resort golf course is currently under construction at the lake. It includes over 1250 homes, spa, fitness center, pool, etc. Recognized by Money Magazine as one of the US's "red-hot" housing markets. Living in Sierra County if...
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| For Lease Commercial Real Estate ListingsThere are currently no for lease listings in this city. |
