Attention builders, developers, and savvy investors: this is your chance to secure a high-potential 1.42-acre parcel zoned R-1 (Single-Family Residential), ideally located in a growing area with strong demand for new housing. With its generous size and flexible layout, this property is perfectly suited for multiple single-family homes or a small residential community (subject to local planning approvals). Strategically positioned in very close proximity to Monterrey Elementary School and Roswell High School, this site offers an ideal setting for family-oriented development. Key Features: • Lot Size: 1.42 acres of mostly level, buildable land • Zoning: R-1 – allowing for single-family residential development • Location Benefits: Within walking distance to Monterrey Elementary School and Roswell High School – ideal for families • Development Potential: Subdivide into multiple lots for single-family homes (buyer to verify with planning department) • Utilities: Water, Electric, Gas, Phone, and Internet available. • Access: Road frontage on Gayle St. This is a rare offering with the location, zoning, and size to support a highly marketable residential project. Don’t miss this opportunity to create a legacy development or add a strong performer to your portfolio.
Lot/land
$79,900
704 W Gayle St, Roswell, NM 88203
--beds
--baths
1.42Acres
Unimproved Land
Built in ----
1.42 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 74 days
- on Zillow |
- 40 |
- 2 |
Zillow last checked: 9 hours ago
Listing updated: May 27, 2025 at 10:17pm
Listed by:
Joshua Bootzin 575-626-5292,
Nexthome Enchantment Realty 575-910-0827
Source: New Mexico MLS,MLS#: 20253004

Travel times
Facts & features
Property
Lot
- Size: 1.42 Acres
Details
- Parcel number: R027730
Utilities & green energy
- Electric: On-Site, Overhead
- Gas: On-Site
- Sewer: Public Sewer, City
- Water: Public, City
- Utilities for property: Natural Gas Connected, Electricity Connected
Community & HOA
HOA
- Has HOA: Yes
Location
- Region: Roswell
Financial & listing details
- Tax assessed value: $114,591
- Annual tax amount: $724
- Date on market: 5/28/2025
- Electric utility on property: Yes
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