16174 Us 550Aztec, NM 87410

Property Details for 16174 Us 550

Year built

2020

Lot size

2.56 AC

Property size (Sq ft)

4,800 SF

Property type

Auto shops

APN

2063179135416

APU

2063179135416

Description

This exceptional investment opportunity in Aztec, New Mexico, presents a unique blend of commercial and residential possibilities. Situated on a 2.56-acre lot with convenient highway frontage and no zoning restrictions, this property offers unparalleled flexibility. The land is 3вЃ„4 fenced and secured with two gates, enhancing privacy and security. The main structure is a substantial 4800 square foot insulated and heated auto shop, featuring four large bays, an office, and a half bathroom, ideal for a variety of commercial uses. Beyond the shop, the property includes a 2007 square foot doublewide mobile home with a three-bedroom, two-bathroom layout and an addition, plus a carport. A second, 1321 square foot site-built home offers two bedrooms and one bathroom. Finally, a 1028 square foot block and metal storage garage provides ample space for equipment or inventory. This property's diverse structures and expansive acreage allow for a multitude of uses, from establishing a thriving business with on-site living to generating rental income from the existing homes. The absence of zoning restrictions further amplifies the potential for creative development and adaptation to suit individual needs. This is a rare opportunity to acquire a substantial property with significant upside in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,327,475

  6.5%

  $1,225,362

  7%

  $1,137,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,681,140

  Geo Method

  $999,372

• Alternative Use

  Use

  Valuation

  Residential

  $1,033,638

  Hospitality

  $946,807

  Educational

  $787,733

  Medical

  $814,824

  Retail

  $1,225,362

Location Insight

City

Aztec

County

San Juan

State

New Mexico

Latitude

36.8451

Longitude

-107.974

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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