Listing Agency: REA Real Estate Advisors t**@tba.team Show Phone

Listed By: Tai Bixby CCIM · License #40315 Show Phone

Source: Moodyscre

Added: Mar 25, 2025 Changed: Aug 17 Last Checked: Aug 26 at 10:53AM

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Investment Insights

Based on property information with market context.

This 6.1-acre site is available for sale and features a fully approved development plan for 70 multifamily apartment units in phase 1 and 16 townhomes in phase 2, totaling 86 residential units. The site is zoned MU and current plans are in place. Alternatively, the project can be reconfigured for 48 townhomes. The Planning Commission and Governing Body approved the project in hearings in early 2023. The location is near restaurants, a pharmacy, shopping, education, and services. This is one of the last infill sites available for residential development in the Airport Road area. Contact broker for details on entitlements.

Key Highlights

• Fully approved development plan for 86 residential units (70 apartments, 16 townhomes).
• MU (Mixed Use) zoning allows for flexible development options.
• Approved in early 2023, saving time and resources on the approval process.

Property Analytics

Current Use

Residential land & home ...

Location Intelligence

Trade Area within ½ mile

102

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Frequently Asked Questions

What type of property is this?

Land - 6.1 acre site with approved plans for 86 residential units.

Where is this land located?

The property is located at 3920 A Buffalo Grass Rd Santa Fe, NM.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: Fully approved development plan for **86 residential units (70 apartments, 16 townhomes)**.; MU (Mixed Use) zoning allows for flexible development options.; Approved in early 2023, saving time and resources on the approval process.