2116 Riverside Dr Espanola, NM 87532
- Commercial real estate
- 1,196 SF
- 12.44 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2116 Riverside Dr
- Lot size
- 12.44 lot acres
- Property size
- 1,196 SF
- Property type
- Commercial real estate
- APN
- 1 047 122 152 282
- APU
- 1047122152282
Description
Exceptional investment opportunity: a well-established, 12.44-acre mobile home park in Espanola, NM, currently 100% occupied with a strong rental history. This family-owned property boasts 62 mobile home spaces (59 single, 3 double), a 2,100 sq ft, 3 bed/2 bath home with attached garage, a 3-bay shop, and a Quonset garage & shed. Each mobile home has individually metered utilities (gas, electric, sewer, water), and most include a park-owned storage shed. Significant capital improvements have been made over the years resulting in a well-maintained park. The property benefits from two private road accesses off Riverside Drive (Calle Rancho Viejo & Calle Valdez), excellent visibility, and a prime location in the heart of Espanola, surrounded by national retailers and restaurants. The property extends from Riverside Drive to the Ohkay Owingeh Tribal Lakes. The Acequia Del Llano runs through the property, and the associated water rights are included. Development potential exists on two of the seven parcels. This compelling investment is situated in a high-demand area with an average annual household income exceeding $101,000 within a 50-mile radius (Espanola, Los Alamos, Santa Fe), and a growing employment base due to proximity to Los Alamos National Labs. Financial information is available upon request.
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
- -106.067
- Latitude
- 36.0243
- CBSA code
- 21580
- CBSA name
- ESPANOLA, NM MICROPOLITAN STATISTICAL AREA
