Espanola, NM Commercial Real Estate for Sale

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36 properties
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Highway Frontage Retail Building
Updated: Oct 6, 2025
Highway Frontage Retail Building

106 Los Alamos Highway, Espanola, NM 87532

$160,000
1,664 sqft 0.04 AC lot
1,664‑square‑foot storefront building on a 0.04‑acre lot
Frontage on Los Alamos Highway in Espanola
C‑1 zoning
Frame construction with a flat roof
Carpet and vinyl flooring
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Restaurant and Bar with Patio
Updated: Jun 2, 2025
Restaurant and Bar with Patio

100 Los Alamos Highway, Espanola, NM 87532

$447,000
2,730 sqft 0.43 AC lot
2,730‑square‑foot restaurant and bar building on a 0.43‑acre site
Two legal lots of record included with the property
Seating for 56 indoors, 8 at the bar, and 16 on the patio
Furniture, fixtures, and equipment convey with the sale
Current Kenz Cuisine lease runs through March 2027
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Commercial Land
Commercial Land

441 E Laguna St, Espanola, NM 87532

$135,000
0.62 AC lot

Development-ready commercial lot with utilities on site, including public sewer and public water, plus electricity available for connection.

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Leased Strip Mall with Drive-Through
Leased Strip Mall with Drive-Through

Espanola, NM 87532

$3,059,550
5,600 sqft

Fully leased retail property with four tenants and an outparcel position serving Lowe’s.

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Auto Shop with Service Garage
Auto Shop with Service Garage

711 Paseo De Onate, Espanola, NM 87532

$250,000
1,820 sqft 0.47 AC lot

Office space accompanies a concrete service area and on-site parking.

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Commercial Land Parcel
Commercial Land Parcel

84/285 Hennigan lot: C, Espanola, NM 87532

$300,000
5.28 AC lot

For sale commercial land parcel in Espanola, NM, totaling 5.28 acres.

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Irrigated Agricultural Land
Irrigated Agricultural Land

58 CR 120 lot: 1-A, Espanola, NM 87532

$149,900
1.22 AC lot

Rural Residential acreage currently used as pasture, with agricultural water infrastructure in place.

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Espanola Retail Opportunity For Sale
Espanola Retail Opportunity For Sale

105 Laguna, Espanola, NM 87532

$450,000
2,000 sqft 0.33 AC lot

Former ceramics store with equipment on 0.33 acres.

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Agricultural Land with Irrigation
Agricultural Land with Irrigation

58 CR 120, Espanola, NM 87532

$184,900
1.63 AC lot

Pasture parcel with domestic agricultural water rights, irrigation tubing, and installed water valves.

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Acequia-Boundary Farmland Parcel
Acequia-Boundary Farmland Parcel

CALLE JUAN JOSE VIGIL, Espanola, NM 87532

$40,000
0.53 AC lot

0.531-acre parcel in Espanola city limits with a west boundary that meanders along the Vigiles ditch and flat garden-ready ground.

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Agricultural Land with Building Envelope
Agricultural Land with Building Envelope

76 & 78 County Road 114, Espanola, NM 87532

$895,000
3,600 sqft 58.00 AC lot

Conservation-easement property with acequia water rights, river corridor acreage, two existing homes, and a designated building envelope.

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Commercial Land Parcel
Commercial Land Parcel

Paseo de Onate, Espanola, NM 87532

$30,000
0.07 AC lot

The parcel is located off Paseo de Onate in Espanola.

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Single-Tenant Dairy Queen Restaurant
Single-Tenant Dairy Queen Restaurant

1702 N Riverside Dr, Espanola, NM 87532

Contact for pricing
2,241 sqft 0.86 AC lot

Fee-simple ownership includes the land and building, with a lease structure that places most operating responsibilities on the tenant.

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Espanola Restaurant and Bar on Plaza
Espanola Restaurant and Bar on Plaza

100 Los Alamos, Espanola, NM 87532

$447,000
2,730 sqft 0.43 AC lot

Turnkey restaurant and bar on the Plaza in Espanola.

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Commercial Building on Los Alamos Highway
Commercial Building on Los Alamos Highway

106 Los Alamos, Espanola, NM 87532

$160,000
1,664 sqft 0.04 AC lot

Commercial building suitable for retail, office, or gallery use.

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Versatile Building with Service Garage
Versatile Building with Service Garage

711 Paseo De Onate, Espanola, NM 87532

$250,000
1,820 sqft 0.47 AC lot

Affordable commercial building with office and service garage space.

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B-2 Commercial Development Lot
B-2 Commercial Development Lot

441 E Laguna St, Espanola, NM 87532

$135,000
0.62 AC lot

Zoned B-2 parcel with utilities and included water rights for a range of commercial builds in Espanola.

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Land Available in Espanola, NM
Land Available in Espanola, NM

84/285 Hennigan #Lot B, Espanola, NM 87532

$225,000
500,678 sqft 3.21 AC lot

Land for sale in Espanola, New Mexico.

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Walmart-Anchored Retail Space
Walmart-Anchored Retail Space

Espanola, NM 87532

Contact for pricing
7,068 sqft

Corner positioning at Riverside Drive and New Mexico State Road 584 places the suite within the city’s main retail corridor.

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Irrigated Agricultural Land
Irrigated Agricultural Land

58 Cr 120, Espanola, NM 87532

$149,900
53,274 sqft

Pasture acreage includes installed irrigation infrastructure and identified agricultural water rights.

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Retail Center With Flexible Suites
Retail Center With Flexible Suites

402 Carr Lane, Espanola, NM 87532

Contact for pricing

Two retail suites offer open layouts, prominent storefront exposure, and access to an established national retail corridor.

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Specialty Commercial Building
Specialty Commercial Building

613 N Paseo De Onate, Espanola, NM 87532

Contact for pricing
25,471 sqft

Commercial building offers 25,471 square feet of specialty space for sale.

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Land
Land

1432 Camino De Los Sanchez, Espanola, NM 87532

$200,000

Land

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Agricultural Land with Irrigation
Agricultural Land with Irrigation

3-a-58 County Road 120, Espanola, NM 87532

$184,900

Pasture parcel with agricultural water infrastructure and utility lines within the property in La Mesilla.

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Espanola, NM Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Espanola, NM, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 613,560 square feet of properties for sale, with an estimated market value of $8,038,050.

Sale prices for business properties in Espanola, NM start at $30,000, averaging $382,764, and reaching up to $3,059,550 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 20K
Population Growth (5Y) +4.1%
Median Household Income $57,077
College Educated 15.5%

High-Yield Neighborhoods for Investment

Identify Espanola submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
87532 $365.4K

Taxes & Financing

Tax Rate (average for all types) 3.57%
Property Tax per SF $51.00 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Rio Arriba County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Rio Arriba County

Retail

Residential Income

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