Infill Site with High Density Residential Zoning

Vacant Land for Sale
Catylist Listing ID: 29966695
Property Subtypes: Multi-Family, Office, Other
Gross Land Area: 13.42 Acres
Sale Price: $6.50 PSF
Total Price: $3,799,738
Sale Terms: Cash to Seller
Last Updated: 1/17/2022

Overview / Comments

Allowable densities up to 35 DU/Acre and heights up to 50’
½ mile from Walmart Supercenter at Southern and Unser
Site ready for development
Elevation allows dramatic views of Sandia mountain
Rio Rancho is underserved in apartments by between 2,000 and 4,000 Units
Average household income is $78,000 within a 5 mile radius of the site
Average home value is $287,000 within 5 miles driving apartment demand
2 miles north of Rust Presbyterian Hospital
Wet utilities on 19th St.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: 1011069306257
Zoning: SU-R-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,170 53,973 133,286
Median Age: 36.82 37.07 36.58
Households: 4,019 19,944 49,938


Photograph of Listing Agent

James A Wible, CCIM

NAI SunVista CARNM CIE Member
Photograph of Listing Agent

Keith Meyer, CCIM, SIOR

NAI SunVista CARNM CIE Member
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