Opportunity Zone Land at Signalized Corner

Vacant Land for Sale
Catylist Listing ID: 30354114
Property Subtypes: Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 6.24 Acres
Sale Price: $1,975,000
Unit Price: $316,506 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 11/27/2018

Overview / Comments

This land is developable and located zcross from Walgreen's and C- Store in fastest growing area of Santa Fe. It is prime acreage within in an Opportunity Zone and more value is added via the zoning which allows for Grocery, Multi-Family, Retail, Medical,Office, and Self Storage. It is located on major arterial connecting I-25, Cerrillos and the 599 By Pass. The property is also in an overlay district established by the City of Santa for the purpose of increasing development and services by adding development incentives. Listing Broker is member of partnership that owns the property.

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Taxing Authority: City of Santa Fe
Tax ID/APN: 0584022473
Zoning: SC-1
Property Located Between: South Meadows and Jimez
Property Visibility: Excellent
Legal Description: TR A-1 T16N R 9E S7 6.24 Ac
Largest Nearby Street: Airport Road
Feet of Frontage: 443
Traffic/Vehicle Count: 21,046
Highway Access: Via I25 and 599
Airports: Santa Fe Regional Airport, Albuquerque International
Site Description: Flat and at Signalized Corner of Airport Road and South Meadows across from Walgreen's.
Area Description: Burgeoning area of development with new roof tops in surrounding area. Within Opportunity Zone. Some nationals in area. Predominately Hispanic neighborhood with numerous fast food restaurants and a need for other services, including medical and dental, grocery, retail and housing.
Lot Frontage: 443.26
Lot Depth: 582.61
Zoning Description: SC-1
Topography: Level
Easements: Other
Easements Description: 15' Telephone easement that runs parallel to front lot line.
Soil Type: Other
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,055 42,299 80,235
Median Age: 29.24 35.01 38.76
Households: 4,947 16,047 33,160
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.