Jager Dr & Picabo St Rio Rancho, NM 87144
- Retail properties
- 0.50 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Jager Dr & Picabo St
- Lot size
- 0.50 lot acres
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional commercial land parcel, located in the Commerce Center at Enchanted Hills in Rio Rancho, New Mexico (87144), presents a unique investment opportunity. Situated on Jager Drive & Picabo Street, this property boasts a lot size ranging from 0.5 to 1.93 acres and is zoned SU-NR by the City of Rio Rancho. A preliminary site plan indicates a potential building size of approximately 25,200 square feet. The site is fully improved and ready for immediate development, with impact fees already waived, significantly reducing upfront costs. The seller is open to exploring owner financing options and potentially a build-to-suit arrangement for a credit-worthy tenant. Furthermore, there's a possibility of splitting the lot into a half-acre parcel, subject to the City of Rio Rancho's approval process. This prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. The asking price for this exceptional opportunity is $630,500. Don't miss this chance to acquire a ready-to-develop commercial property in a thriving New Mexico market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio Rancho
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.576
- Latitude
- 35.3258
