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Property profile & analytics
OFF-MARKET
Land

845 Riverside Dr Española, NM 87532

9.37 ac lot
Property ID
Property summary
AI-generated overview

Exceptional 9.37-acre multi-use land parcel presents a unique investment opportunity in Española, New Mexico. Located at 845 N Riverside Dr, this property boasts a highly desirable location on a bustling retail corridor, offering unparalleled visibility and accessibility. The APN is 1047121260078. Zoned R-M (Residential-Multifamily), B-2 (Commercial), and R-6 (Residential), this versatile land allows for a wide range of development possibilities, catering to both commercial and residential ventures. The asking price is $1,500,000. Benefit from excellent co-tenancy with established businesses such as Guadalupe Credit Union, Pizza 9, KFC, Subway, Little Caesars, Family Dollar, O'Reilly Auto Parts, and Food King, ensuring high traffic and strong consumer presence. This prime location offers significant potential for developers seeking to capitalize on the growing demand for commercial and residential spaces in a thriving community. The property's size and zoning flexibility make it ideal for a variety of projects, from mixed-use developments to large-scale residential complexes. Seize this chance to acquire a strategically located asset with immense growth potential in a dynamic market. The property is situated in Santa Fe County, New Mexico, with a zip code of 87532. Full access to the property is available.

Property profile
Verified
Property type Land
Lot 9.37 ac (408,157 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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