Mixed-Use Land for Sale in Española, New Mexico

1000 La Joya Española, NM 87532

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$1,100,000
11.33 acres
Active sale agoEst $8,548/mo

As you may know, Northern New Mexico is in a housing crisis, thanks to all of the new job growth is in desperate need for more housing.

A recent study by the NM Mortgage Finance Authority indicates that New Mexico has a housing shortage of over 32,000 units.

This 11.33 acre site that could potentially support a low density townhouse style community with 66 units.

Located just down the street from the famous Parasol restaurant and in the heart of Espanola, NM this 11.33 acres site has been held in the family for generations and is now available for development to meet the growing demand for all of the new jobs entering the market.

The property is located in one corner of the Los Alamos/ Espanola / Santa Fe employment triangle which contains 217,008 people with a median age of 45 and an average household income of $101,364.

This offering is available at $1,100,000 or $16,667 per unit. Projected rents are $1,825 per unit or $2.61/sf.

Directions

In Espanola, from North Riverside drive and La Joya east to property.

Location

Street Address
1000 La Joya
Elevation
5,633 feet
Coordinates
35.9994, -106.0544

Property details

Zoning
R-1, 2, 3, 4, 5, 6
MLS Number
SFAR 202234149
Date Posted

Parcels

  • 174655616

Legal description

This 11.33-acre property is located at 1000 La Joya in Española, NM 87532 with latitude 35.9994 and longitude -106.0544. The property is currently available for sale for $1,100,000 with a price per acre of $97,087. Listing data is sourced from Santa Fe Association of Realtors # 202234149.

Verify sale details at the property source or contact NM Apartment Advisors at (505) 247-1411.

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Copyright (C) 2024 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 49 minutes ago. Parcel data by Regrid.

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