Development Land Opportunity in Edgewood New Mexico

Vacant Land for Sale
Catylist Listing ID: 30104354
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 121.14 Acres
Sale Price: $1,025,000
Unit Price: $8,461 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 4/23/2018

Overview / Comments

Development Land Opportunities for sale in Edgewood, NM. Located along the I40 corridor of Central New Mexico 25 mile east of Albuquerque and Kirtland AFB. Santa Fe NM is an easy 50 minute commute north. Investment opportunity available in the fast growing small town of Edgewood in Santa Fe County New Mexico. A residential subdivision within the master planned Hillcrest Communities. Builder packages and owner financing available. All Wet & dry utilities are in place along East Venus Road. See attached plat.

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Zoning: R-1
Property Visibility: Excellent
Legal Description: Hillcrest Master Plan Phase III, Units 9 & 10, aka Denim Ridge, Town of Edgewood,Santa Fe County, New Mexico.
Largest Nearby Street: Hwy 344
Highway Access: Direct Access to Hwy 344. Approximately 2 miles north of I-40.
Airports: Sandia Airpark Edgewood, Moriarty Municipal Airport, Albuquerque Sunport
Site Description: Site is at the southeast corner of Hwy 344 and East Hill Ranch Road. Topography is mostly level.
Area Description: Edgewood is a fast paced growing small town with shopping, medical, banking, lodging, restaurants, schools and churches within the Town. Edgewood is centrally located in New Mexico on Interstate 40 and just 20 minutes east of Albuquerque.
Zoning Description: R-1
Part of Planned Development?: Yes
Development Name: Denim Ridge is within the Hillcrest Master Plan
Topography: Level
Easements: Pipelines, Ingress/Egress, Other
Easements Description: Refer to attached plat
Available Utilities: Electric, Water, Gas
Water Service: Other
Sewer Type: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,142 3,142 9,640
Median Age: 42.55 42.55 43.21
Households: 1,165 1,165 3,731


Photograph of Listing Agent

Myra Oden

United Country Farm & Home Realty
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