For Sale
$361,800

Tract 3 Benavidez Rnch Rio Rancho, NM 87124

Prime NM land, agricultural & residential potential.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 402-acre property, known as Benavidez Ranch Tract 3, presents a unique investment opportunity in Sandoval County, New Mexico. Located just 20 miles from downtown Albuquerque and boasting a Rural Residential-Agriculture zoning designation (APN: R183176), this land offers diverse development possibilities. Priced at $361,800 ($900/acre), the property has a rich history, originally granted by the King of Spain and owned by the same family for generations. Currently, the land is utilized for grazing, having been leased for decades, demonstrating its suitability for agricultural purposes. The terrain is characterized by rolling hills descending towards the Rio Puerco River Basin. Convenient access is provided via a county road. Furthermore, active water wells are situated in the immediate vicinity, offering a significant advantage for potential development projects. This expansive tract combines historical significance with practical utility, making it an attractive proposition for investors seeking a blend of agricultural and residential potential in a desirable New Mexico location. The property's address is Benavidez Ranch Tract 3, Albuquerque, NM 87124.

Highlights

  • Historically significant land grant from the King of Spain.
  • County road access.
  • Decades of grazing lease history.
  • Sandoval County location, 20 miles from Albuquerque.
  • Active water wells nearby.
  • Rolling terrain leading to the Rio Puerco River Basin.

Property Details for Tract 3 Benavidez Rnch

Property type
Land, Farms
Lot Size (sq. ft)
17,511,120 SF

Location Insight

City
Rio Rancho
County
Sandoval
State
New Mexico
Latitude
35.2416127
Longitude
-106.6968553

FAQs

What type of property is this?
Land - Prime NM land, agricultural & residential potential.
Where is the land located?
The property is located at Tract 3 Benavidez Rnch Rio Rancho, NM.
What is the asking price?
The asking price for this property is $361,800.
What are key features of this property?
This property features: Historically significant land grant from the King of Spain.; County road access.; Decades of grazing lease history.
How can I contact the broker?
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Tract 3 Benavidez Rnch
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