Versatile Investment Opportunity Off Of I-40 Interstate
Reduced
Media
Summary
Property
- Type
- Recreational Land, Undeveloped Land, Horse Property, Riverfront
- Road Frontage
- Interstate
- Road Surface
- Blacktop/Asphalt
- Fencing
- Low Fence
Land Details
- Pasture
- Grass
- Open
Approximate Distances
| 13.5 mi | to Chambers |
| 60 mi | to Holbrooks |
| 8 mi | to Sanders |
| 38 mi | to Gallup, NM |
Utilities
| Electric: | Onsite |
| Water: | Onsite |
Features/Improvements
- Creek/Spring
Description
PRICE REDUCED! With roughly 2,488' of I-40 Highway frontage, this is an investment opportunity you can't miss. This property consists of two parcels being sold together. Seven shares of water rights from Black Creek will be conveyed with the purchase. There are multiple wells on the property. The main well was used for Alfalfa production, producing up to 600 GPM. Other wells on the property could be suitable for residential use. The existing exit 346 off the interstate provides ease of access going east and westbound for truckers or commuters. Traffic counts from the 2022 ADOT report an average of 25,000+ east-west daily traffic and a projected 43,000+ per day in 2042. Good sight lines from the I-40 provide investors the opportunity for retail on the front of the property with light industrial towards the south. Other options could be an RV park, housing development, or multi-use, as power lines and water are abundant throughout. The added benefit is the Black Creek / Puerco River access on the south of the property, diversifying this outstanding piece.
Details
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2,488’ Highway I-40 frontage road
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Water rights - 7 shares of surface water flow in Black Creek
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Existing Highway Exit 346 Pine Springs Road
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25,000+ average daily traffic
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600 GPM agriculture well
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Power lines throughout property
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River access
Other
Coordinates
35.2821, -109.232
Annual Taxes
$215
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Whitetail Properties Real Estate, LLC.
Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Whitetail Properties Real Estate, LLC (or any division/trade name/DBA of), or its Agents/Brokers.
