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Near Downtown Rio Rancho

CARNM #30476670

Property Subtypes: Office, Retail
Gross Land Area: 1.50 Acres
Sale Price: $60,000
Unit Price: $40,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/22/2019

Overview / Comments

This is three C-1 lots just North of King Blvd. off Unser. There are 2 contiguous and a third a few lots over. Owner would prefer to sell all three ,but would consider partial sale. Great location just outside of Downtown. View this as a start of an assemblage of Commercial lots. These are priced to sell at only .92 cents a sqft. Back in the boom of 2006, these lots were $100,000 apiece. Great investment. Lots are all 80X272.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Zoning: C-1
Property Located Between: Unser Blvd and Downtown
Property Visibility: Good
Legal Description: Lots 6,7,10 Block 16 Unit 21 Rio Rancho Estates
Largest Nearby Street: Unser Blvd
Lot Frontage: 80
Lot Depth: 272
Zoning Description: C-1
Topography: Gently Sloping
Water Service: None
Sewer Type: None

MICHAEL SKOLNICK
Qualifying Broker/Co-Owner

(505) 239-8833

JOYCE HADEN
Associate Broker

(505) 259-8988

JOHN RENKEN
Associate Broker/Co-Owner

(505) 239-9738