Carlsbad New Mexico Mixed Use Property
- County: Eddy
- Address: Happy Valley Road
- Zip: 88220
- Type: Commercial Property, Residential Property, Undeveloped Land
- City: Carlsbad
- Price: $5,500,000
- Acres: 440
- State/Zip: New Mexico 88220
- Status: Available
Carlsbad New Mexico Large Mixed Use Development Property
Very desirable 440.46 + acres of commercial, residential, and multifamily development land for sale off the currently being constructed Happy Valley Road Bypass. This unique location is well suited for retail, medical, educational, and diverse services. Parcels are additionally zoned for residential single-family and multi-use.
Seller would potentially consider dividing parcels to suit the developer with a mixed-use development goal. A portion of the parcels include medium to high density residential matching neighboring successful developments.
This busy travel corridor, that is currently under construction, bordered by the Parcels will have high traffic activity with exit/access routes on and off the bypass.
Carlsbad New Mexico Economy:
Carlsbad has an unemployment rate of 5.5%. Future job growth over the next ten years is predicted to be 34.6%, which is higher than the US average of 33.5%. The average income for Carlsbad is $30,289 a year (individual). The US average per individual is $28,555 a year. Median household is $69,193 a year. The US average household income is $53,482 a year. The median home price is $234,900.
The largest employers and industry in Carlsbad are mining, quarrying, oil and gas extraction, and health care & social assistance.
Seller will convey mineral rights owned to the buyer with an acceptable sales price. Seller owns 40% +/- of the mineral interest in the parcel that is 267.58 acres in size.
Buyer must be identified on first contact and Broker must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at sole discretion of Williams Ranch Group LLC Broker.
Price is $5,500,000.
Contact Broker for viewing.
The information contained herein has been deemed reliable, but is not warranted by the Broker, express or implied, and is subject to change, prior sale, errors and/or omissions and withdrawal from market. SHOWN BY APPOINTMENT ONLY - DO NOT TRESPASS. Buyer's Broker must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at sole discretion of Williams Ranch Group LLC, Broker.
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