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Nm-528 Rio Rancho, NM 87144

12.22 Acres, Prime Albuquerque MSA Location

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional 12.22-acre commercial land parcel presents a compelling development opportunity in Rio Rancho, New Mexico, within the Albuquerque MSA. Situated at the hard corner of NM-528 and Corrales Road, this fee-simple property boasts a highly visible location at the junction of two major thoroughfares, experiencing a combined daily vehicle count exceeding 40,000. The SU-C1 (Special Use/Retail Commercial District) zoning allows for flexible configuration and potential subdivision, catering to diverse development plans. Its strategic positioning offers premier visibility and accessibility, benefiting from strong demographics. Within a 5-mile radius, the area showcases a population exceeding 33,000 and an average household income surpassing $117,000. The property's location is approximately 16 miles north of downtown Albuquerque, providing convenient access to the city's amenities while capitalizing on the area's robust 7.1% population growth since 2020. This high-residual value property represents a significant investment opportunity for developers seeking a prime location with exceptional visibility and strong growth potential. The APN is 1-016-070-175-383. This is a truly unique opportunity to acquire a substantial land holding in a rapidly developing area.

Highlights

  • 12.22-acre commercial land parcel for sale in Rio Rancho, NM, within the Albuquerque MSA.
  • SU-C1 (Special Use/Retail Commercial District) zoning allows for flexible development options.
  • High-visibility hard corner location at the intersection of NM-528 and Corrales Road, offering excellent access and exposure.
  • Fee simple ownership with potential for subdivision.
  • Strong demographics, including a 7.1% population growth since 2020 and an average household income exceeding $117,000 within a 5-mile radius.

Property Details for 0 Nm-528

Property type
Land
Lot Size (sq. ft)
532,303 SF

Location Insight

City
Rio Rancho
County
Sandoval
State
New Mexico
Latitude
35.275285328236
Longitude
-106.61745966659
Nm-528, Rio Rancho, New Mexico

FAQs

What type of property is this?
Land - 12.22 Acres, Prime Albuquerque MSA Location
Where is the land located?
The property is located at Nm-528 Rio Rancho, NM.
What are key features of this property?
This property features: 12.22-acre commercial land parcel for sale in Rio Rancho, NM, within the Albuquerque MSA.; SU-C1 (Special Use/Retail Commercial District) zoning allows for flexible development options.; High-visibility hard corner location at the intersection of NM-528 and Corrales Road, offering excellent access and exposure.
How can I contact the broker?
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