1000 21st St SE, Rio Rancho, NM 87124

Listing office Metro Properties

Listing date Jul 14, 2023

Source Crexi

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Overview

This property presents a great investment opportunity with seller financing available for the land. Zoned NC (Neighborhood Commercial), it is suitable for new development. A preliminary meeting with the Rio Rancho Planning Department and related departments was positive, encouraging further progress. The property is envisioned for a multi-income, mixed-use, multi-story development, potentially including 78 higher-quality apartments or condominiums, along with garages, a solar-paneled covered surface parking area, and a rooftop common area. The ground floor could feature a courtyard (pedestrian-only), artisan retail spaces, an eatery, brewery, dry bar, research and development facilities, and generative AI work flex space. The concept aims to create a work, live, shop, and play community. Several projects are underway within a few blocks, indicating a revitalization of Southern Blvd SE. Conceptual design is by FBT Architects.

Suggested Use

Dental Office Electrical Service Locksmith Storage Facility Daycare Center Home Appliance Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store

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

Location Insight

• Map
• Local Demand

City

Rio Rancho

County

Sandoval

State

New Mexico

Longitude

-106.668055

Latitude

35.1037553

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FAQs

What type of property is this?

Commercial land - Land available for mixed-use development in Rio Rancho.

Where is this commercial land located?

The property is located at 1000 21st St SE Rio Rancho, NM.

What are key features of this property?

This property features: Seller financing available (on land only); Zoned nc (neighborhood commercial) for new development; Favorable initial drc meeting with rio rancho planning department