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215AC VACANT LAND OFF OF CARLSBAD LOOP NM

215+- ACRES IN EDDY COUNTY WEST OF CARLSBAD LOOP IN NEW MEXICO

THIS INVESTMENT OPPORTUNITY FOR COMMERCIAL OR RESIDENTIAL DEVELOPMENT LIES ON THE HAPPY VALLEY HIGHWAY ON THE WEST SIDE OF THE LOOP WEST OF CARLSBAD, NM. IT HAS ACCESS TO ELECTRICITY AND ROAD. EASEMENT ACCESS FROM THE WEST LOOP CAN BE OBTAINED. THERE IS GROUND WATER IN THIS AREA. TYPICALLY WATER SITS AT ABOUT 220 AND GOES JUST ABOUT AS DEEP AS YOU WOULD LIKE TO GO. WATER COMES FROM THE ARTESIAN CAPITAN REEF. THE LAND HAS GOOD DRAINAGE WITH A GENTLE SLOPE AND BEAUTIFUL VIEWS OF THE MOUNTAINS. IT BACKS UP TO A LARGE RANCH. HACKBERRY DRAW RUNS THROUGH THE PROPERTY PROVIDING A SMALL POND WHEN IT RAINS AND A PLACE FOR WATER TO FLOW. THE OILFIELD ROAD PROVIDES ANNUAL INCOME TO THE BUYER. IT IS CURRENTLY MAKING $1200 PER YEAR. LAND IS IS BORDERED BY A LARGE RANCH TO THE WEST AND BLM TO THE NORTH AS WELL AS 2 RESIDENCES. ...

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