11 Ave Eldorado at Santa Fe, NM 87508
- Land
- 56.72 lot acres
Current Use by Public Records
- Land
Property Details for 11 Ave
- Lot size
- 56.72 lot acres
- Property type
- Land
Description
This exceptional 56.72-acre property in Eldorado at Santa Fe, New Mexico, presents a unique dual-use development opportunity. Located at 11 Avenida de Amistad and 62 Alteza, the land is comprised of two parcels with APNs 960001049 and 129002718. Currently zoned for commercial and residential use by Santa Fe County, the property has a submitted development application for a "Summary Subdivision." This application proposes the creation of five (5) commercial lots on a 21.57-acre parcel, with the potential to develop an additional eighteen (18) residential lots on the remaining acreage. The plan includes designating 16 acres as open space, facilitating a density transfer to the remaining buildable land. The asking price for this expansive land holding is $1,999,000. This presents a significant opportunity for developers seeking to create a mixed-use project in a desirable New Mexico location. The property's strategic location in Eldorado at Santa Fe, with its zip code 87508, offers convenient access to amenities and infrastructure. This is a prime investment for those seeking to capitalize on the growing demand for both commercial and residential spaces in the area. The property's size and zoning allow for a flexible development approach, catering to a variety of project visions. This is a rare chance to acquire a large parcel of land with pre-approved development plans, significantly reducing the time and cost associated with obtaining necessary permits and approvals.
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
- Eldorado at Santa Fe
- County
- Santa Fe
- State
- New Mexico
- Longitude
- -105.883
- Latitude
- 35.5513
