1509 Riverside Dr Española, NM 87532
- Commercial real estate
- 16.86 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1509 Riverside Dr
- Lot size
- 16.86 lot acres
- Property type
- Commercial real estate
Description
This exceptional 16.86-acre commercial land parcel presents a remarkable retail development opportunity in Española, New Mexico. Located at 1509 N. Riverside Dr., this property boasts a prime location within the main retail corridor of the Española Valley, ensuring high visibility and significant foot traffic. The asking price is $5,952,000. The land is comprised of three separately deeded lots, offering flexibility for various development scenarios. This strategic location benefits from excellent national co-tenancy, including prominent retailers such as Walmart Supercenter, Lowe's Home Improvements, McDonald's, Chili's, Freddy's, and Starbucks. The property is zoned for commercial use, making it ideal for a variety of retail developments, potentially including shopping centers, restaurants, or entertainment venues. This presents a unique chance to capitalize on the growing Española market and create a thriving retail destination. The site's accessibility and proximity to established businesses make it an attractive investment for developers seeking a high-impact project in a vibrant community. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a significant land holding in a high-demand retail area. Don't miss out on this chance to shape the future of Española's retail landscape.
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
- Española
- County
- Rio Arriba
- State
- New Mexico
- Longitude
- -106.0645164
- Latitude
- 36.0142333
