0 Chacon Blvd Los Lunas, NM 87031
This exceptional 6-acre commercial land parcel presents a remarkable development opportunity in the thriving Rio Communities North area of Los Lunas, New Mexico. Located on Chacon Blvd, this property is zoned R-1 Single-Family Residential, offering significant potential for a variety of projects. The site's strategic location provides easy access to key amenities and infrastructure. Its proximity to Tome Elementary School and the University of New Mexico Valencia Campus makes it an attractive location for residential or mixed-use development. The land itself is comprised of 6 acres, presenting a substantial canvas for a developer or builder. While currently zoned R-1, the potential for rezoning or alternative development strategies should be explored. This property is part of the Rio Del Oro Community, a rapidly growing area primed for development. The area is characterized by a strong sense of community and a growing population, making it an ideal location for a variety of projects. The asking price for this significant land parcel is $457,000. Detailed information regarding the potential for subdivision into 24 lots, ranging from 0.25 to 0.35 acres each, is available upon request. This is a rare opportunity to acquire a substantial land holding in a high-growth area of New Mexico. Don't miss out on this chance to shape the future of Rio Communities North. The property is located in Valencia County, New Mexico, with a zip code of 87031.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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