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    1509 Riverside Dr Española, NM 87532

    For Sale
    $5,952,000

    16.86 Acres, Prime Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 16.86-acre commercial land parcel presents a remarkable retail development opportunity in Española, New Mexico. Located at 1509 N. Riverside Dr., this property boasts a prime location within the main retail corridor of the Española Valley, ensuring high visibility and significant foot traffic. The asking price is $5,952,000. The land is comprised of three separately deeded lots, offering flexibility for various development scenarios. This strategic location benefits from excellent national co-tenancy, including prominent retailers such as Walmart Supercenter, Lowe's Home Improvements, McDonald's, Chili's, Freddy's, and Starbucks. The property is zoned for commercial use, making it ideal for a variety of retail developments, potentially including shopping centers, restaurants, or entertainment venues. This presents a unique chance to capitalize on the growing Española market and create a thriving retail destination. The site's accessibility and proximity to established businesses make it an attractive investment for developers seeking a high-impact project in a vibrant community. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a significant land holding in a high-demand retail area. Don't miss out on this chance to shape the future of Española's retail landscape.

    Property Features for 1509 Riverside Dr

    General Information

    Property type
    Land
    Lot Size
    734,422 SF

    HighLights

    • 16.86‑acre commercial land parcel ideal for retail development in Española, NM.
    • Prime location in Española Valley's main retail corridor, ensuring high visibility and traffic.
    • Three separately deeded lots offer development flexibility.
    • Excellent national co‑tenancy including Walmart, Lowe's, McDonald's, Chili's, Freddy's, and Starbucks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office 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
    Rio Arriba
    State
    New Mexico
    Longitude
    -106.0645164
    Latitude
    36.0142333

    Nearby Comparable

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      Espanola Valley Commercial Land Available

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    Nearby Similar for Sale

    • $640,000
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      Standalone QSR in Espanola, NM

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      601 Silkey Way, Española, NM 87532
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    • $472,500
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    FAQs

    What type of property is this?
    Land - 16.86 Acres, Prime Retail Location
    Where is this land located?
    The property is located at 1509 Riverside Dr Española, NM.
    What is the asking price?
    The asking price for this property is $5,952,000.
    What are key features of this property?
    This property features: 16.86-acre commercial land parcel ideal for retail development in Española, NM.; Prime location in Española Valley's main retail corridor, ensuring high visibility and traffic.; Three separately deeded lots offer development flexibility.
    (505) 473-3434
    Request Owner's contact information
    1509 Riverside Dr Española, NM 87532
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    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
    1509 Riverside Dr Española, NM 87532
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