1313 Santa Fe AveGrants, NM 87020

  • Other commercial real estate
  • 5.41 AC
For Sale
$1,220,000 View listing

Property Details for 1313 Santa Fe Ave

Lot size
5.41 AC
Property type
Other commercial real estate
APN
2054061355270
APU
2054061355270

Description

This exceptional commercial property, located at 1313 Santa Fe Avenue in Grants, New Mexico, presents a unique investment opportunity. The 24,000 square-foot building sits on approximately 5 acres of commercially zoned land, offering significant potential for a variety of uses. Built in 1978, the vacant property boasts excellent visibility from East Santa Fe Avenue, due to its prime downtown location just off the I-40 interchange. This high-traffic area ensures maximum exposure for any business. All utilities are available. The property's layout is particularly well-suited for an automobile dealership, retail establishment, or new commercial development. Its open design and adaptable space allow for flexible configurations to meet diverse business needs. The surrounding area offers a vibrant mix of businesses, retail outlets, and dining establishments, creating a synergistic environment that enhances the property's appeal. Easy access to I-40 and the Grants Retail Hub ensures convenient access for both local customers and tourists. This property offers a compelling combination of location, size, and versatility, making it an ideal investment for entrepreneurs seeking a thriving business environment in a prime New Mexico location. The asking price is $1,220,000. The zip code is 87020, and the property is located in Cibola County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $35,761,696
    Hospitality
    $32,757,520
    Educational
    $27,253,872
    Medical
    $28,191,176
    Retail
    $42,394,912
1313 Santa Fe Ave, Grants, New Mexico

Location Insight

City
Grants
County
Cibola
State
New Mexico
Latitude
35.1393
Longitude
-107.83
CBSA code
24380
CBSA name
GRANTS, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,746
$87,120
$93,774
$180,894
-
$261,360
$281,321
$542,681

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