550 Rio Rd Albuquerque, NM 87114
- Land
- 0.80 lot acres
Current Use by Public Records
- Land
Property Details for 550 Rio Rd
- Lot size
- 0.80 lot acres
- Property type
- Land
Description
This exceptional commercial land parcel, located at the intersection of NM 528 and NM 550 in Rio Rancho, New Mexico (zip code 87114), presents a unique investment opportunity. The property boasts a strategic location directly across from Tesla's newest showroom and dealership, shadow-anchored by the renowned Santa Ana Casino and Hyatt Tamaya Resort. Situated in New Mexico's fastest-growing retail corridor, this site benefits from exceptionally high traffic volume, with over 60,795 vehicles passing daily. The land is zoned C1 and offers a significant opportunity for development, given the area's underserved market of over 120,000 people. This is further enhanced by a strong daytime population fueled by continued job growth and significant residential expansion, with over 2,000 new homes constructed within the last three years. The lot size ranges from 0.8 to 13.87 acres, with land value ranging from $13 to $21 per square foot. The property is fully improved and entitled for commercial retail development, making it ready for immediate action. This prime location offers unparalleled visibility and access, making it ideal for a variety of commercial uses. Don't miss this chance to capitalize on the explosive growth in Rio Rancho.
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
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.628
- Latitude
- 35.1923
