Commercial/Multi-Family Land For Sale

Vacant Land for Sale
Catylist Listing ID: 10634239
Property Subtypes: Multi-Family, Retail
Gross Land Area: 21.59 Acres
Sale Price: $2.50 PSF
Total Price: $2,351,151
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

Excellent development/investment opportunity! 20+ acre parcel located just west of Hwy. 528 with over 800' of frontage on Idalia. Utilities available at site.
Located across the street from the new Sandoval County Judicial Complex, Administrative Offices and Sandoval Easy Express Park and Ride. The Intersection of Hwy 528 and Idalia is certain to be a hub of future activity. Rio Rancho is the 3rd largest City (and the fastest growing) in the state of New Mexico.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Zoning: SU C-1
Road Type: Paved
Property Visibility: Excellent
Legal Description: Tract "A", in Unit Seventeen (17), City of Rio Rancho, Town of Alameda Grant, Sandoval County, New Mexico.
Site Description: The property is the former home to Independence High School. Much of the remaining portable building footings and slab for the gym are still in place. Overall site slopes gradually to southeast. Engineer estimates indicate site has adequate fill for grading of future development and there are two adjacent drainage outfalls under Hwy 528. Currently there is a 16” backbone water line in Idalia with existing fire hydrants (2) in place. Sanitary Sewer runs along the eastern property boundary (vacated Tampico) and is a 6” line. Former electric transformer has been removed from the site and gas lines are on the property via Idalia backbone.
Area Description: Located across the street from the newly master planned Sandoval County Judicial Complex, Administrative Offices and Sandoval Easy Express Park and Ride, the intersection of Hwy 528 and Idalia is certain to be a hub of future activity. Idalia Road is also one of the main thoroughfares to the new City Center (Rio Rancho City Hall, Santa Ana Star Events Center, UNM West, Sandoval Regional Medical Center and CNM Community College). Rio Rancho is the 3rd largest City (69% growth rate from 2000 to 2010 according to the US Census) in the State of New Mexico, with an estimated 2010 population of 87,521. Located adjacent to the City of Albuquerque, Rio Rancho is considered part of the Albuquerque Metropolitan Statistical Area (Population: 877,077). Rio Rancho is a very pro-business city, with locations for Intel, Hewlett Packard, Sprint, Bank of America, Victoria Secret, US Cotton, Aero Parts, e-Telecare and many others.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,495 23,230 52,247
Median Age: 45.75 39.03 40.35
Households: 576 8,438 19,594

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