1509 Riverside DrEspanola, NM 87532

Property Details for 1509 Riverside Dr

Lot size

16.86 AC

Property type

Commercial real estate

Description

This exceptional 16.86-acre commercial property, located at 1509 N. Riverside Dr. in Espanola, NM, presents a unique investment opportunity. Priced at $5,952,000, this property offers significant potential for development. The land is comprised of three separately deeded lots, providing flexibility for various projects. Its strategic position along the main retail corridor of the Espanola Valley ensures high visibility and accessibility. The property boasts excellent national co-tenancy with established businesses such as Walmart Supercenter, Lowe's Home Improvements, McDonald's, Chili's, Freddy's, and Starbucks, creating a strong retail environment and attracting significant consumer traffic. This location is poised to become a future destination for shopping, dining, and recreation. The zoning is B-2, General Commercial, allowing for a wide range of development possibilities. While specific pad site details and lease rates are available upon request, this property offers an unparalleled opportunity to capitalize on the growing commercial landscape of the Espanola Valley. The asking price is $5,952,000.

Location Insight

City

Espanola

County

Rio Arriba

State

New Mexico

Latitude

36.0142

Longitude

-106.063

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