17 Paseo De River St, Santa Fe, NM 87505
This exceptional 2.5-acre commercial and industrial land parcel presents a unique investment opportunity in Santa Fe, New Mexico. Located at 17 Paseo De River, 87507, this gently sloping site boasts unparalleled visibility from Airport Road and the 599 Bypass, ensuring high traffic exposure for any business. Access is convenient via Airport Road and the Paseo de River frontage road. The property is zoned I-1, permitting a wide range of commercial and industrial uses, including but not limited to: storage facilities, automotive businesses, warehouses, construction material yards, contractor spaces, trade shops, educational facilities, religious institutions, and mixed-use developments. While subject to Scenic Highway Corridor regulations, setbacks, and easements, the potential for development is significant. The site benefits from readily available city water, sewer, and public electric services, simplifying infrastructure needs. This prime location and versatile zoning make this property ideal for a variety of commercial and industrial ventures. The asking price is $1,300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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