Catylist ID:
#30765471
10.6 Acres Prime Commercial Development Land Near I-25 Bypass
Vacant Land
for Sale
| Catylist Listing ID: | 30765471 |
| Property Subtypes: | Agricultural, Hospitality, Office, Retail, Retail-Pad, Self Storage, Other |
| Gross Land Area: | 10.60 Acres |
| Sale Price: | $1,999,999 |
| Unit Price: | $188,679 Per Acre |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller, Build-to-Suit |
| Auction Type: | Absolute |
| Last Updated: | 5/6/2022 |
Overview / Comments
|
A premier development / investment opportunity adjacent to the Walmart Supercenter! This is 10.6 acres commercial land with power at the center of major development in and around the gateway to Belen, New Mexico, a multicultural and up-and-coming community, highly visible and easily accessible from I-25 and NM-314. This land is offered in two tracts. Tract B2B, 2.3163 acres, zoned neighborhood commercial, at $399,000 is $3.96 per square foot. Tract C1, 8.2834 acres, zoned community commercial, at $1,600,000 is $4.33 per square foot. A savvy developer will capitalize on the multifaceted commercial uses possible here, such as: • hotel • assisted-living facility • car wash • shopping center with retail stores <5,000 sf • gas station and convenience store • vehicle sales or rental • automobile service and repair • self-storage • restaurant and/or bar • offices for attorney, construction, spa, medical • retail store with incidental manufacturing, processing and/or assembly • cannabis retail store • community facilities • indoor recreational facilities • amusement enterprise • caretaker’s residence • agricultural uses, including greenhouse, farming and/or ranching Property located 9 minutes from Los Lunas and 35 minutes from Albuquerque International Airport. All a short commute! A prime investment with great potential for $1,600,000. This commercial property is only $4.33 / sqft! Investment Highlights Located next to retail area traffic generators, with hundreds of new homes being built in Belen. This multifaceted commercial development will support the Rancho Ciela (Sun Ranch Industrial Area), located near the North Belen I-25 Interchange. Valencia County is an economic development hotspot. Major employers include Facebook, Niagra Bottling, and Keter Plastics, and builders and contractors. If a client purchases the 2.3-acre tract for $399,999, the client may be able to option the other 8.3-acre tract for first-right of refusal at $1,600,000. Please see the attached Promotional Document for details about key market opportunities, cultural and community resources in and around Belen and Valencia County, and further technical information. |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Valencia |
| Submarket/Township: | Belen |
| Submarket Type: | Other |
| Taxing Authority: | 1283 |
| Tax ID/APN: | R077691 |
| Zoning: | C-1 & C-2 |
| Property Located Between: | From Albuquerque take I-25 S 38 min to Belen, Exit 195. Go east, then NM-314 E going north. Property is on the left at 19474 NM-314. |
| Property Visibility: | Excellent |
| Legal Description: | SUBD: LAND OF H WILSON & F SEDILLO TRACTS B2B & C1 MAP 92 1999 REV |
| Largest Nearby Street: | Highway 314 (NM-314) |
| Feet of Frontage: | 1,548 |
| Traffic/Vehicle Count: | 10,000 |
| Highway Access: | I-25 exit 195, 2 miles to the west |
| Airports: | Albuquerque International Sunport Airport 26 min drive 29 mi |
| Site Description: | Vacant land, generally flat. Site is located north adjacent to the I-25 Business Loop, past the Walmart Supercenter and Henderson Lateral, left from off-ramp, and accessed from Highway 314. |
| Area Description: | Complementary to economic development along I-25 Business Loop and Rancho Ciela (Sun Ranch Industrial Area). South Los Chavez, adjacent to city limit of Belen, NM, about 2 miles north of downtown Belen. |
| Lot Frontage: | 1548 |
| Lot Depth: | 321 |
| Zoning Description: | The purpose of the Neighborhood Commercial (C-1) District is to provide limited convenience commercial services for a specific residential market area. This district is intended to maintain the service function of rural neighborhoods in the county; or to locate a present foreseeable demand for small-scale, local convenience centers in an area where access, traffic-turning movement and off-street parking can be provided in a convenient and economic manner. The purpose of the Community Commercial (C-2) District is to provide for more intensive commercial services than in the C-1 District for numerous neighborhoods in the geographic area. Source: Valencia County Zoning Code, Municipal Code §§ 154.121 and 154.122. |
| In Flood Plain?: | Yes |
| Topography: | Level |
| Soil Type: | Loam |
| Available Utilities: | Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access |
| Water Service: | Other, None |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,430 | 11,204 | 24,571 |
| Median Age: | 32.55 | 39.2 | 39.78 |
| Households: | 489 | 4,320 | 9,418 |
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