SEQ Wellspring Ave & 21st St SE, Rio Rancho, NM 87124

Listing office NAI Sun Vista Show Phone

Listing date Aug 5, 2021

Source Crexi

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Overview

Available for purchase are two land parcels, either individually or combined, situated adjacent to the Unser Pavilion retail center. The south lot encompasses approximately 2.18 acres and is offered at $1,115,780, which equates to $11.75 per square foot. The north lot is approximately 2.69 acres and is listed for $1,523,288, or $13.00 per square foot. The combined area of both lots is approximately 4.87 acres, with a total price of $2,598,666, or $12.25 per square foot. The location is across from the newly-opened Albertsons Market Street and Presbyterian Rust Medical Center. The area is considered an underserved market with an average household income of $125,077 within a 1-mile radius. The property is a VeriReady Site. LEDA and GRIP funds are available. The zoning is C-1. Potential uses include an entertainment venue, restaurants, food hall, hotel, or office complex.

Map

City

Rio Rancho

County

Sandoval

State

New Mexico

Longitude

-106.7783414

Latitude

35.2581842

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FAQs

What type of property is this?

Commercial land - Land parcels adjacent to retail, near Albertsons and Presbyterian Hospital.

Where is this commercial land located?

The property is located at SEQ Wellspring Ave & 21st St SE Rio Rancho, NM.

What are key features of this property?

This property features: Located in an underserved market with **high average household income ($125,077 within a 1‑mile radius)**.; Adjacent to the Unser Pavilion retail center with walkable connectivity and across from Albertsons Market Street.; **VeriReady Site status facilitates faster groundbreaking.**