Excellent high-traffic volume location in Las Vegas New Mexico! Located near a new Maverick store, this is a ideal property that has tremendous income potential. Commercially zoned. Currently, this parcel is a little over 10 acres, and can be subdivided or sold in it's entirety. Property also borders the 1-25 Interstate, directly off exit 347. Visibility is high, directly off the interstate. This north-south interstate is the longest in New Mexico at over 462 miles in length, and it is also the busiest by sheer numbers. The “Big I” interchange where I-25 and I-40 intersect in northeast Albuquerque can accommodate more than 300,000 vehicles a day, easily making the Big I the largest highway interchange in the state which includes going through the Las Vegas area. The areas near Las Vegas, off I-25 offer unique scenery. Heading north on I-25, to Raton, the Ratón Pass at a nearly 8,000-foot elevation in northern New Mexico delivers stunning views which attract high volumes of traffic. Las Vegas has numerous landmarks,, legends and lore. It highlights New Mexico’s favorite and best preserved outdoor architectural museums. There are five MainStreet historic districts with more than 900 buildings listed on the National Registry of Historic Places. Las Vegas is also home to Highlands University and the United World College. Again, this property location is prime for future development and growth.
Property Details
Property Features
Listing Office:
Office Name: Sotheby's Int. RE/Grant
Office Phone: (505) 988-2533
Listing Agent: David Cordova
Interior Features
Interior Information:
Basement: No
Exterior Features
Exterior Information:
Waterfront: Other, See Remarks
Exterior: None
Lot Features
Lot Information:
Lot: Corner Lot, Cul-De-Sac
Lot Size: 10.23 Acres
Other
Directions Information:
Directions: From Santa Fe, Follow I-25 N to I-25BL in San Miguel County. Take exit 347 from I-25 N 53 min (64.0 mi). Turn left onto I-25
Price Information
Listing Price Info
Price Summary:
List Price: $1,450,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Las Vegas, NM.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,304
Per Month
Principal & Interest
$7,237
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,414
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Los Ninos Elementary School
474 Legion Dr
Distance between this listing and this school0.60 miles
Public District Grades KG-3
4
/10
Don Cecilio Martinez Elementary School
412 Santa Fe St
Distance between this listing and this school2.46 miles
Public District Grades 2-3
7
/10
Tony Serna Jr. Elementary School
1725 New Mexico Ave
Distance between this listing and this school2.63 miles
Public District Grades 4-4
Nearby Schools
6
/10
Sierra Vista Elementary School
475 Legion Dr
Distance between this listing and this school0.56 miles
Public District Grades 4-6
5
/10
7th and 8th Grade Academy
1236 5th St
Distance between this listing and this school1.53 miles
Public District Grades 7-8
3
/10
West las Vegas Middle School
1024 S Pacific St
Distance between this listing and this school2.52 miles
Public District Grades 6-8
Nearby Schools
5
/10
Robertson High School
1236 5th St
Distance between this listing and this school1.51 miles
Public District Grades 9-12
4
/10
West las Vegas High School
157 Moreno St
Distance between this listing and this school2.36 miles
Public District Grades 9-12
5
/10
Mora High School
#10 Ranger Drive
Distance between this listing and this school25.17 miles
The neighbors living near this home have an average income of $45,061. Most Las Vegas, NM residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3250 N Grand Ave
What is the listing price of this property?
The listing price of 3250 N Grand Ave property is $1,450,000.
What type of property is this?
The property 3250 N Grand Ave is land located in Las Vegas, New Mexico, 87701.
Is this property for sale now?
Active Listing: 3250 N Grand Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3250 N Grand Ave in Las Vegas, NM and zip code 87701. This home sits on a 10.23 acre lot. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $1,450,000.
In October 2024 in Las Vegas, NM there were 23.1% less homes for sale than in September 2024. While the average time on the market in October 2024 was 133 days, the median list price was $260,000.
From Rocket Homes Real Estate and based on county public records data.