$949,000

Single Family Residence In Los Lunas

  • 3 Beds
  • 2 Baths
  • 900 Sqft
  • 43,560 Sqft lot
  • Updated: April 29
  • Source:
    Southwest MLS (Greater Albuquerque Association of REALTORS)  MLS#1101420

About the Property

Are you looking for something you can live on, or something you can turn into a serious investment? Property has irrigation rights through MRGCD,Because this one gives you both. You have over 5 acres in Los Lunas, and the positioning is what makes it stand out. The property backs up to commercial, which opens the door to rezoning or a mixed use play. You are not stuck with one path here. Now think
Are you looking for something you can live on, or something you can turn into a serious investment? Property has irrigation rights through MRGCD,Because this one gives you both. You have over 5 acres in Los Lunas, and the positioning is what makes it stand out. The property backs up to commercial, which opens the door to rezoning or a mixed use play. You are not stuck with one path here. Now think about this from a development angle. A sewer line runs through the middle of the property. That changes everything. It gives you the ability to subdivide into multiple lots, up to 20 plus depending on layout and approvals. That is where investors start paying attention. You could take it further. Build commercial on the ground level and residential above. Small retail, office, or service use below,
  • Property type

    House

  • Floors

    1

  • Year built

    1959

  • Price/sqft

    $1,054

Features

  • Garden
  • Washer Dryer
  • Bar

Explore the Area

1604 Juan Perea Road, Los Lunas, New Mexico, United States View on Google Maps
Price per sqft
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Equity New Mexico - Albuquerque

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Equity New Mexico - Albuquerque
New Mexico, United States
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2
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2026
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Equity New Mexico - Albuquerque
Albuquerque, New Mexico, United States
View agency profile
Last updated
April 29
First listed
Apr 29
Listing reference
1101420
Listing status
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