34 Lemitar Frontage Road

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34 Lemitar Frontage Road

Lemitar, NM 87823
Asking Price
$1.10M
Asset Type
Industrial Land
Class
Class B

AI Property Summary

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

  • Industrial land site measuring 848,548 square feet in Lemitar
  • Asset available for acquisition at a price of $1,100,000
  • Located directly on the Lemitar Frontage Road transport corridor
  • Suitable for distribution, logistics, or heavy industrial development projects
  • Positioned within an accessible area of central New Mexico

What's Special

Priced at $1,100,000, this 848,548 square foot industrial land parcel is situated at 34 Lemitar Frontage Road in Lemitar, New Mexico. The site provides significant acreage for heavy-duty industrial development, manufacturing, or distribution operations requiring expansive footprints. Strategically positioned within the Rio Grande corridor, the property benefits from the regional connectivity provided by major transportation arteries serving this part of the state. Its proximity to established commercial hubs makes it a functional choice for businesses looking to expand their footprint in a growing Southwestern market. Developers and investors will find this location suitable for large-scale projects ranging from logistics facilities to storage yards or specialized industrial plant site planning. The open terrain offers flexibility for various site configurations according to operational requirements. Local infrastructure supports industrial use cases, contributing to the site's utility for long-term commercial investment in Socorro County.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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