Multifamily Land Opportunity

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30730668
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 2.20 - 12.20 Acres
Sale Price: $750,000 - 3,800,000
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/13/2022

Overview / Comments

12.226± acres zoned - R-6 up to 320 units* (10± acres) and SU for Townhouse up to 34 units (2.2± acres).

(10± acres $3,050,000 or $7.00±/sf and 2.2± acres $750,000 or $7.83±/sf)

• La Plazuela Master Planned Development.
• Apartment market at high occupancy.
• Great school district – Rio Rancho Public Schools.
• Near walking/biking trails & paths.
• Ready for development.
• Significant shortage of housing options.
• Located one mile south of major commercial development (Bank of America Call Center, Safelite Call Center, Albertsons, Wal-Mart, Defined Fitness, TJ Maxx, Michaels, Ross, and more.

Currently platted as one parcel, City will require replat as described. * R-6 zoning subject to certain requirements, see broker for more details.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: R152850
Zoning: R-6 AND SU TOWNHOUSE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,495 21,394 50,095
Median Age: 45.75 39.13 40.12
Households: 576 7,735 18,732

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