108 Ute Drive

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108 Ute Drive

Logan, NM 88426
Asking Price
$150K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel located in Logan New Mexico
  • Total lot size measures 0.359 acres for development
  • Current asking price for the property is $150000
  • Positioned at 108 Ute Drive in Quay County
  • Property features a strategic location for local commerce
  • Asset provides significant potential for retail or service use

What's Special

Priced at $150,000, this 0.359-acre parcel of commercial land sits at 108 Ute Drive in Logan, New Mexico. The site offers a strategic footprint for developers looking to establish a foothold in this part of the state. Logan serves as a gateway to regional recreational areas, providing a consistent flow of visitors that supports local commerce and service-oriented businesses. The property's size and zoning potential make it a versatile option for various commercial applications, ranging from retail services to specialized professional operations suited for a growing rural community. Investors will find this location provides direct access to the regional infrastructure necessary for small-to-medium scale development. As Logan continues to maintain its role as a local economic hub, this tract presents a straightforward acquisition for those looking to capitalize on existing land demand in Quay County. The site's dimensions facilitate efficient site planning for businesses aiming to serve both local residents and regional travelers passing through the area.

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NOI
$80,000
Cap Rate
53.33%
DSCR
8.98
Strong
Cash-on-Cash
157.99%
Monthly Payment
$742.118
Annual Cash Flow
$71,094.582

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