Listing Summary
Acquire approx. 7.5 acres of development land planned for medium-density residential housing (R-1) located near Irving Blvd NW and west of CNM in Rio Rancho, New Mexico (Zip Code 87114). Priced at $298,800 (approx. $0.91 per square foot), this site features an adjacent 5-acre parcel available for assemblage, offering up to 12.5 total acres of potential.
Full Description
Positioned in the growing Paradise West trade area of Rio Rancho, NM 87114, just off Irving Blvd NW and west of CNM, this 7.5-acre land asset presents an exceptional opportunity for residential developers. Spanning approx. 326,700 square feet, the property is planned for medium-density residential housing (R-1) and allows for an expanded footprint with an adjacent 5-acre parcel available for assemblage (MLS #1004317), bringing total potential development to approx. 12.5 acres.
The surrounding trade area features strong demographics, including a 3-mile population of approx. 84,500 and a median household income of approx. $91,800. Daily convenience is supported by proximity to established rooftops, retail options, and major retail centers such as Ventana Square and Petroglyph Plaza. Utility lines are located approx. 500 feet away on Prickly Brush St NW. Situated within Bernalillo County (Area 120 - Paradise West, UPC 100906605509930106), the property benefits from local vehicle traffic counts including approx. 2,800 vehicles per day on Irving Boulevard.
Quick Glance
- Listing ID:
CL-New Mexico-28512
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
7.50 Acr
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