21St St Rio Rancho, NM 87124

This exceptional 4.87-acre commercial land parcel presents a prime development opportunity in Rio Rancho, New Mexico. Located at the intersection of Wellspring Ave and 21st St SE (87124), this C-1 zoned property boasts an enviable location adjacent to the bustling Unser Pavilion retail center and directly across from Presbyterian Rust Medical Center. The site benefits from its position within a rapidly growing, high-income residential area, with an average household income exceeding $116,443 within a one-mile radius. This translates to a strong and readily available customer base for any commercial venture. The property's proximity to established community anchors further enhances its appeal. Within a one-mile radius are Joe Harris Elementary School (800 students) and the Los Diamantes residential community (578 homes), with a new high school also recently announced. Adding to the site's attractiveness is the upcoming arrival of an Albertsons Market Street in 2024, promising increased foot traffic and further development in the immediate vicinity. The site is VeriReady, expediting the development process. Furthermore, the availability of LEDA and GRIP funds offers potential financial incentives for qualified projects. This versatile property is ideally suited for a diverse range of commercial developments, including entertainment venues, restaurants, food halls, hotels, or office complexes. Don't miss this chance to capitalize on the significant growth potential of this exceptional location.