I40 Freeway Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30478964
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 1.97 Acres
Sale Price: $695,000
Unit Price: $352,791 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/28/2020

Overview / Comments

Absolute Investment Realty has been chosen to exclusively represent the owner of this fantastic development opportunity located at the intersection of I40 and NM 344 in hub of the busy rural community of Edgewood, NM. I-40 runs the entire east-west length of the state of NM and NM 344 connects multiple communities along the east side of the state. Edgewood is located just 24 miles from down town Albuquerque and is the first major stopping point east of Albuquerque. Walmart and all the area’s major retailers and restaurants are located in close proximity to the Property. This property has excellent visibility, access and signage making it ideal for a fuel station, fast food restaurant or sit-down restaurant serving both I40 traffic and the local community. Don’t miss this opportunity to be prominently located on New Mexico’s primary freeway.

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Tax ID/APN: 1039056507290000000
Property Visibility: Excellent
Area Description: Located just 24 miles from both down town Albuquerque and I25, Edgewood is an important “East-Mountains” suburb of Albuquerque that serves as a cross roads for north-south traffic on NM HWY 344 and multiple farming and ranching communities in the vicinity. This property is located at the hub of Edgewood, which is home to most of the areas major retail, service and restaurant destinations. Walmart and Denny’s are located just 0.65 miles away from the Property. Smith’s (Kroger brand), McDonald’s, Walgreens are across the street from the property. Other major retailers are located within ½ mile of the property.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,075 4,575 11,380
Median Age: 44.32 42.4 42.6
Households: 811 1,786 4,351


Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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