For sale

Versatile Investment Opportunity Off Of I-40 Interstate

Acreage

169 ±

County

Apache

Price Reduced

$2,980,000

Description

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.