Nwc Hwy 528 & Northern Blvd Rio Rancho, NM 87144
- Land
- 2.28 lot acres
Current Use by Public Records
- Land
Property Details for 0 Nwc Hwy 528 & Northern Blvd
- Lot size
- 2.28 lot acres
- Property type
- Land
Description
This exceptional 2.282-acre parcel is situated at the highly visible northwest corner of Highway 528 (Rio Rancho Boulevard) and Northern Boulevard in Rio Rancho, New Mexico. The property boasts a hard-corner location at a signalized intersection, providing unparalleled exposure to significant traffic volumes. Highway 528 sees an average daily traffic count of 24,600 vehicles, while Northern Boulevard averages 8,000. This strategic location offers substantial advantages for commercial development, with the added benefit of being zoned SU, allowing for a mix of residential and commercial uses. The asking price is $1,590,463, translating to $16 per square foot. The land's value is further enhanced by the projected growth in the area, with over 1,000 new residential units planned within a five-year timeframe in close proximity to the site. This presents a unique opportunity to capitalize on the burgeoning residential and commercial development in this rapidly expanding Rio Rancho neighborhood. The property's address is NWC Hwy 528 & Northern Blvd, Corrales, NM 87144, in Sandoval County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio Rancho
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.747
- Latitude
- 35.3645
