0 Nm-528Rio Rancho, NM 87144

Property Details for 0 Nm-528

Lot size

12.22 AC

Property type

Land

Description

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.

Location Insight

City

Rio Rancho

County

Sandoval

State

New Mexico

Latitude

35.2753

Longitude

-106.617

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