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NM Rt 528 & Idalia
21.59 Acres of Commercial Land Offered at $2,350,000 in Rio Rancho, NM 87144
Investment Highlights
- Tremendous visibility and access
- In the path of growth
- Aggressively priced
- Newly improved Idalia Road (curb/gutter, sidewalk, landscaping and utility improvements)
- Great school district
Executive Summary
Idalia Road recently underwent a $12 million upgrade from Hwy 528 in front of the site to Iris Road.
Located across the street from the new Sandoval County Judicial Complex, Administrative Offices and Sandoval Easy Express Park and Ride. The intersection of Hwy. 528 and Idalia is certain to be a hub of future activity. Rio Rancho is the 3rd largest City (and the fastest growing) in the state of New Mexico.
Property Facts
| Price | $2,350,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 21.59 AC |
| Property Type | Land |
| Price | $2,350,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 21.59 AC |
1 Lot Available
Lot
| Price | $2,350,000 | Lot Size | 21.59 AC |
| Price Per AC | $108,832 |
| Price | $2,350,000 |
| Price Per AC | $108,832 |
| Lot Size | 21.59 AC |
Description
The property is the former home to Independence High School. Much of the remaining portable building footings and slab for the gym are still in place. Overall site slopes gradually to southeast. Engineer estimates indicate site has adequate fill for grading of future development and there are two adjacent drainage outfalls under Hwy 528. Currently there is a 16” backbone water line in Idalia with existing fire hydrants (2) in place. Sanitary Sewer runs along the eastern property boundary (vacated Tampico) and is a 6” line. Former electric transformer has been removed from the site and gas lines are on the property via Idalia backbone.
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NM Rt 528 & Idalia
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