Industrial Park

The Hagerman Industrial Park features nine versatile commercial lots with direct connectivity to NM 249, NM Highway 2, and adjacent BNSF rail frontage. Every lot includes dedicated municipal water and sewer connections. Major utility infrastructure—including electric transmission lines, natural gas, and Leaco high-speed fiber internet—runs directly along the park perimeter, ready for custom site integration.

The Town of Hagerman welcomes commercial and industrial development proposals for the Hagerman Industrial Park. To protect public assets and ensure continuous economic growth, all parcel dispositions (ground lease, lease-purchase, or restricted sale) are governed by Town Resolution 260714-1.

Applicant Tiers, Fees & Deadlines

Tier A: Established Local Economic-Base Business
• Eligibility: 2+ years active NM business operations or principal owner residing in Chaves County for 2+ years.
• Application Fee: $1,500 non-refundable (serves as the Year 1 Earnest Money Deposit).
• Earnest Money Deposit: $1,000 due annually upon renewal of a Land Hold.
• Construction Start: Within 24 to 48 months of closing (extensions up to 24 months available for agricultural or grant-funded timelines).
Tier B: New Local Venture
• Eligibility: New venture with committed local equity/financing whose principal owner resides in Chaves County or an adjoining county.
• Application Fee: $3,000 non-refundable due upon submission.
• Earnest Money Deposit: $250 per acre requested ($2,000 minimum).
• Construction Start: Within 18 months of closing.
Tier C: Standard Applicant
• Eligibility: All general, regional, or national applicants not qualifying for Tier A or B.
• Application Fee: $7,500 non-refundable due upon submission.
• Earnest Money Deposit: $1,000 per acre requested ($8,000 minimum).
• Construction Start: Within 12 months of closing.

Preferred Property Dispositions

Ground Lease (Preferred): Long-term lease (30–50 years) supporting private financing while the Town retains underlying land title.
Lease-Purchase: Lease terms leading to fee-simple acquisition once verified construction, investment, and job-creation targets are completed.
Fee-Simple Sale (By Exception Only): Reserved exclusively for projects where private lenders mandate fee ownership; includes recorded use restrictions and Town repurchase/reverter options.

Land Hold Agreements (Tier A Only): Established local businesses may reserve lots for up to 5 years through an annual milestone-review process before converting to a formal lease or purchase.

How to Apply

Download the Tier A Land Hold Application (for local reservations) or the Park Site Application (for direct disposition).
Prepare required attachments (tax filings, financials, committed funding letters, and process/utility disclosures).
Submit completed materials with the applicable due diligence and earnest money payments to the Town of Hagerman for review and Town Council consideration.

Please contact Town Hall with any questions.

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