Cheyenne Estates Master Planned Development

Vacant Land for Sale
Catylist Listing ID: 28635850
Property Subtypes: Residential (Single Family), Other
Gross Land Area: 143 Acres
Sale Price: $1,250,000
Unit Price: $8,741 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

143 acres total, with master plans for 105 large lots for single family homes. Each lot is between 1.0 - 2.5 acres, and plans are designed to allow 3 phases of construction. Owners are flexible and willing to work with buyer to build in phases and to discuss owner financing.

10-acres at SEC of Hwy 344 and Hwy 472 is already sold for future commercial.

Less than $9k per acre and under $12k per lot!!! Current plans allow for plenty of open space.

Engineering plans and proposed plat have been done, but may need to be updated. This includes plans for roads, cul-de-sacs, ditches, culverts and utility services. Entranosa Water Co-op contracts are already in place to service homes. Septic systems will be required for each lot.

Phase I environmental report and Geo-traffic studies were previously completed.

Great east mountain location–just 3 miles from the new Walmart.

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Zoning: MPC SPECIAL USE
Market Type: Small
Side of Street: Southeast
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Hwy 344
Feet of Frontage: 3,000
Highway Access: Multiple access from Hwy 344 and access from Hwy 472.
Site Description: Flat land located just 3 miles north of the new Walmart on Hwy 344.
Area Description: Located in Edgewood, NM with a population of 3,772 residents.
Lot Frontage: 3000
Lot Depth: 2180
Zoning Description: Zoned MPC Special Use for Master Planned Community. Existing plans already prepared for 105 single family lots.
Development Name: Cheyenne Estates
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,142 6,166
Median Age: 42.55 44.83
Households: 1,165 2,399

Contact

Photograph of Listing Agent

Mark Thompson

Cauwels & Stuve Realty and Development Advisors
CARNM CIE Member
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