1321 N Riverside Dr Espanola, NM 87532
For Lease
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This exceptional 2,400 square foot, single-tenant retail building is a prime opportunity in Española, New Mexico. Built in 2019, this turn-key drive-thru property boasts superior visibility, averaging approximately 29,150 cars daily along a major retail thoroughfare. All fixtures, furniture, and equipment (FF&E) are included, making this a seamless transition for any operator. The property benefits from a highly desirable location adjacent to successful fast-food establishments and enjoys strong co-tenancy with major retailers such as Walmart, Lowe's, McDonald's, and Starbucks. Situated in a regional retail trade area, this location draws customers from the local community and eight surrounding pueblos. The building is a single-story structure on a single lot, zoned B-2, and located at 1321 N Riverside Dr, Española, NM 87532, in Rio Arriba County. This is an ideal investment for businesses seeking immediate occupancy and high visibility in a thriving market. The property offers significant potential for growth and profitability due to its strategic location and excellent access.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.