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    845 Riverside Dr Española, NM 87532

    Sponsored
    For Sale
    $1,500,000

    9.37 Acres, Prime Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional 9.37-acre multi-use land parcel presents a unique investment opportunity in Española, New Mexico. Located at 845 N Riverside Dr, this property boasts a highly desirable location on a bustling retail corridor, offering unparalleled visibility and accessibility. The APN is 1047121260078. Zoned R-M (Residential-Multifamily), B-2 (Commercial), and R-6 (Residential), this versatile land allows for a wide range of development possibilities, catering to both commercial and residential ventures. The asking price is $1,500,000. Benefit from excellent co-tenancy with established businesses such as Guadalupe Credit Union, Pizza 9, KFC, Subway, Little Caesars, Family Dollar, O'Reilly Auto Parts, and Food King, ensuring high traffic and strong consumer presence. This prime location offers significant potential for developers seeking to capitalize on the growing demand for commercial and residential spaces in a thriving community. The property's size and zoning flexibility make it ideal for a variety of projects, from mixed-use developments to large-scale residential complexes. Seize this chance to acquire a strategically located asset with immense growth potential in a dynamic market. The property is situated in Santa Fe County, New Mexico, with a zip code of 87532. Full access to the property is available.

    Property Features for 845 Riverside Dr

    General Information

    Property type
    Land
    Lot Size
    408,157 SF

    HighLights

    • Prime location with diverse development potential.
    • Unrestricted access.
    • Mixed‑use zoning (commercial and residential).
    • High‑traffic visibility.
    • Strong co‑tenancy with national and regional brands including Guadalupe Credit Union, Pizza 9, KFC, Subway, Little Caesars, Family Dollar, O'Reilly Auto Parts, and Food King.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Española
    County
    Santa Fe
    State
    New Mexico
    Longitude
    -106.0624642
    Latitude
    36.0013575

    Nearby Comparable

    • $1,100,000

      Española Residential Land Development

      11.33 Acres, R-6 Zoning, High Potential
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      Santa Cruz Multifamily Investment Opportunity

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    • $640,000
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      Standalone QSR in Espanola, NM

      High-Yield QSR with Drive-Thru
      601 Silkey Way, Española, NM 87532
      View Details
    • Contact for pricing
      1.00 Acre

      NorthBridge Plaza: Prime Commercial Land

      Española, NM commercial land, build-to-suit options.
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      Espanola Commercial Land For Sale

      Commercial land available in Espanola, New Mexico, for sale.
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    • $5,952,000

      Espanola Valley Commercial Land Available

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    • $5,952,000
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      Española Retail Land Development

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      View Details

    Nearby Similar for Sale

    • $640,000
      1,200 SF

      Standalone QSR in Espanola, NM

      High-Yield QSR with Drive-Thru
      601 Silkey Way, Española, NM 87532
      View Details
    • $472,500
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      Prime Española Auto Shop

      Turn-key auto repair shop, high visibility.
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      View Details

    FAQs

    What type of property is this?
    Land - 9.37 Acres, Prime Retail Location
    Where is this land located?
    The property is located at 845 Riverside Dr Española, NM.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime location with diverse development potential.; Unrestricted access.; Mixed-use zoning (commercial and residential).
    (505) 473-3434
    Request Owner's contact information
    845 Riverside Dr Española, NM 87532
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    845 Riverside Dr Española, NM 87532
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