Sonoran Ridge Village Center Mixed Use Development

Vacant Land for Sale
Also listed as Shopping Center, Retail-Commercial
Catylist Listing ID: 30643833
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad
Building Status: Proposed
Gross Land Area: 1 - 12.22 Acres
Sale Price: See Agent
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Build-to-Suit, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/5/2021

Overview / Comments

Absolute Investment Realty is proud to present this rare opportunity to be part of Rio Rancho’s most desirable mixed-use development community. This Project is situated at the hard-corner, lit intersection of NM HWY 528 and Corrales Rd in Rio Rancho, NM. Rio Rancho is Albuquerque’s largest suburb and New Mexico’s 3rd largest city with an estimated population of 99,178 in 2019. The site is in the path of growth, yet adjacent to dense residential development. In addition to Rio Rancho, this property serves the nearby community of Bernalillo and the affluent community of Corrales.
The project features multiple access points, full turn access on Corrales Rd., and a rare approved left-in on HWY 528. Entitlements allow for most retail and restaurant uses including fuel, drive throughs, liquor sales. Other benefits include monument signage unparallel access, excellent visibility and unparalleled views. Don’t miss this opportunity to get in on the ground floor of what is destined to become one of Rio Rancho’s most desirable developments.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Zoning: SU-CA
Property Located Between: Hwy 528 & Corrales Rd
Property Visibility: Excellent
Area Description: This rare opportunity to part of a premier ground-up development project is situated at the hard-corner, lit intersection of NM HWY 528 & Corrales Road (NM HWY 448) in Rio Rancho, NM. Rio Rancho is Albuquerque’s largest suburb and New Mexico’s 3rd largest city with an estimated population of 99,178 in 2019. Corrales is one of New Mexico’s most affluent communities dotted with high-dollar farms and ranchettes. This property is situated at Corrales’ only northern exit and is at the heart of the growth area of Rio Rancho. In addition to Rio Rancho, this property serves the nearby community of Bernalillo and the affluent community of Corrales.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,235 33,383 84,821
Median Age: 45.13 42.09 39.77
Households: 844 12,826 32,023

Contact

Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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