108 Colonial Estates Parkway Parkway

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108 Colonial Estates Parkway Parkway

Clovis, NM 88101
Asking Price
$108K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land asset comprising 2.2 acres of space.
  • Offered for sale at a price of $108,000.
  • Located at 108 Colonial Estates Parkway in Clovis.
  • Site dimensions support diverse commercial and retail use cases.
  • Situated within the established 88101 zip code area.
  • Regional position benefits from local economic growth patterns.

What's Special

Priced at $108,000, this 2.2-acre parcel of commercial land is situated at 108 Colonial Estates Parkway in Clovis, New Mexico. The property provides a blank canvas for investors or business owners looking to establish a footprint in this growing regional hub. Clovis serves as a central point for commerce in the high plains area, supported by a steady local economy and regional agricultural activity. This site offers sufficient acreage for a variety of commercial developments, ranging from office space to retail services or specialized storage facilities. Its location within the 88101 zip code ensures connectivity to major local thoroughfares, facilitating access for both regional clients and the local workforce. Prospective buyers can leverage the space to build tailored facilities that meet specific business requirements while benefiting from the predictable development environment found in this New Mexico municipality.

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NOI
$80,000
Cap Rate
74.07%
DSCR
12.48
Strong
Cash-on-Cash
227.12%
Monthly Payment
$534.325
Annual Cash Flow
$73,588.099

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