845 Riverside Dr Espanola, NM 87532
- Commercial real estate
- 9.37 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 845 Riverside Dr
- Lot size
- 9.37 lot acres
- Property type
- Commercial real estate
Description
This exceptional 9.37-acre tract presents a unique investment opportunity in Espanola, New Mexico. Located at 845 N. Riverside Dr., Tract 1 boasts a highly desirable location with excellent visibility and accessibility. The property is zoned B-2 General Commercial, R-6 Urban Residential, and R-M Residential - Multifamily, offering a diverse range of development possibilities. Imagine the potential for a mixed-use development, capitalizing on both commercial and residential demand. The site benefits from strong co-tenancy with established businesses including Guadalupe Credit Union, Pizza 9, KFC, Subway, Little Caesars, Family Dollar, and O'Reilly Auto Parts, ensuring high traffic and consumer visibility. This strategic location provides easy access to major roadways and a thriving community. The expansive acreage allows for significant development potential, catering to a variety of commercial and residential projects. With its flexible zoning and prime location, this property is an ideal investment for developers seeking a high-impact project in a growing market. The asking price is $1,500,000. Don't miss this chance to acquire a truly exceptional piece of land with immense potential for future growth and profitability. Contact us today to learn more about this exciting opportunity.
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
- Espanola
- County
- Rio Arriba
- State
- New Mexico
- Longitude
- -106.062
- Latitude
- 36.0014
