Catylist ID:
#30704210
Stand Alone Commercial near Downtown Rio Rancho
Retail-Commercial
for Sale
| Catylist Listing ID: | 30704210 |
| Property Subtypes: | Convenience Store, Free-Standing Building, Street Retail |
| Building Size (RSF): | 5,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.01 Acres |
| Sale Price: | $425,000 |
| Unit Price: | $85 PSF |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/15/2021 |
Overview / Comments
|
PROPERTY OVERVIEW 1504 Cherry Rd. is a 5,000 SF commercial building situated on 1.01 acres of land. This property was previously a convenience/grocery store and features restaurant infrastructure and walk-in coolers. The properties high and open ceiling plan coupled with the CMU construction, make this property ripe for redevelopment/improvement. The area lacks many retail/service users and end users could benefit by filling the demand for ANY services. LOCATION OVERVIEW 1504 Cherry Rd. is located near the corner of Unser and Cherry Rd. in Rio Rancho, NM. This property is surrounded by 1,000+ homes in the immediate 1-mile ring and there are countless new home and townhome developments under construction in the area. This property is near the center of geographic Rio Rancho and near the master-planned Downtown Rio Rancho that includes Rio Rancho City Hall, Santa Ana Star Center, Hewlett Packard, UNM West CNM, West UNM Regional Medical Center. Many of these employers intend on growing and there is other speculative development in the area. With a city proper population of 100,000+ the city of vision is ripe for development and opportunity. |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Sandoval |
| Submarket/Township: | Rio Rancho |
| Tax ID/APN: | R021075 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,331 | 46,181 | 85,771 |
| Median Age: | 32.07 | 36.38 | 37.83 |
| Households: | 1,694 | 16,988 | 31,528 |
Contact
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