253 Ac with 1,000 Ac/Ft of Hot Water Rights

Vacant Land for Sale
Catylist Listing ID: 30756143
Property Subtypes: Agricultural, Other
Gross Land Area: 253.90 Acres
Sale Price: $1,060,000
Unit Price: $4,174 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/19/2021

Overview / Comments

This is a portfolio of three properties with over 1,000 Acre/Feet of geothermal undeveloped water rights. There are three parcels, the first one is 136 acres and it has access to the frontage road, County Road D-061. This tract is adjacent to Masson Farms to the West and Hacienda del Camino Real to the South. The second parcel is 81 acres. This tract is located West of Masson Farms. There is no access to the property unless walking around Masson Farms. The third parcel is 36 acres. This property is a bosque with wetlands and has more than a mile of frontage to the Rio Grande. This tract is landlocked from the river to the South and the Railroad to the North. There used to be an access to this property over the Rail road lines at one point.
The value on this portfolio is of course on the 136 acre tract and the subject property's water rights, with potential for hydroelectric plant. This also would be great for a Hot Springs hotel or a great property to develop for residential use with beautiful views of the Robledo Mountains and the Rio Grande river. There are 1,200 acres of BLM land next to the property to the North that are available at this point for lease.

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Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 3003121230450
Topography: Rolling
Easements: Water Rights
Available Utilities: Other
Water Service: Other
Sewer Type: Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,722 2,815
Median Age: 41.22 40.82
Households: 645 1,039

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