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Walmart-Anchored Retail Space
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1602 N Riverside Dr, Espanola, NM 87532

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

Property Size7,068 SF
Days on Market398

Property Features for 1602 N Riverside Dr

General Information

Standard status Active
Size 7,068 SF
Property subtype Retail
Listing Agency: Pegasus Group LLC
Listed By: Anthony Johnson · License #53275
Source: Carnm.resimplifi
Added: Jul 29, 2025 Changed: Aug 30 Last Checked: Aug 30 at 1:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pegasus Group LLC

Investment Insights

Based on property information with market context.

This 7,068 SF retail suite is positioned within a Walmart-anchored shopping center and offers a substantial footprint for showroom, service, or other retail operations. The space is located at the intersection of New Mexico State Road 584 and Riverside Drive, providing a corner setting within Española’s primary retail corridor.

The center includes co-tenancy with Walmart, Lowe’s, Chili’s, Freddy’s Frozen Custard & Steakburgers, Speedway, Starbucks, Taco Bell, and Wendy’s. The surrounding retail lineup creates an established commercial setting with multiple national and regional consumer-oriented operators.

Key Highlights

  • 7,068 SF retail suite
  • Located in Española’s only Walmart‑anchored center
  • Corner of New Mexico State Road 584 and Riverside Drive

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Storage Facility Garden Center Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store HVAC Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

274
Businesses Nearby
303k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 43% Superstores 22% Shops & Services 15% Home Improvements & Furnishings 13%
Walmart Superstores
68,007 visits/mo 0.0 miles
McDonald's Dining
31,049 visits/mo 0.2 miles
Lowe's Home Improvements & Furnishings
29,993 visits/mo 0.1 miles
Freddy's Frozen Custard & Steakburgers Dining
22,538 visits/mo 0.1 miles
Taco Bell Dining
17,164 visits/mo 0.1 miles

Demographics for 87532, NM

19,017
Population
8,946
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
85%
High-School Grad
109.5 sq mi
ZIP Area
174
Density / Sq Mi
$57,077
Median Household Income
$42,365
Median Earnings
$887
Median Rent
$225,000
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Corner positioning at Riverside Drive and New Mexico State Road 584 places the suite within the city’s main retail corridor.
Where is this retail space located?
The property is located at 1602 N Riverside Dr Espanola, NM.
What are key features of this property?
This property features: 7,068 SF retail suite; Located in Española’s only Walmart‑anchored center; Corner of New Mexico State Road 584 and Riverside Drive
More about this property
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