TITLE:
2.49 Acre Future Development
CONTROL:
Exclusive
VALUE:
$405,000
LOAN:
$0
EQUITY:
$405,000
TYPE:
Land
HAVE:
Great investment lot for future development. Utilities are nearby to be verified by buyer. High traffic area that is underserved for commercial use. Walking distance to the Court House and Sandoval County building. Easy access to river trails.
ADDRESS:
2801 Willow Creek Rd. NE, Rio Rancho, New Mexico
BENEFITS TO NEW OWNER:
Possible buy and hold from an exchange. Growing area, all utilities in the street.
OTHER FILES:
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$0
NOI:
$0
DEBT SERVICE:
$0
CASH FLOW:
$0
CAP RATE:
0.00%
BENEFITS SOUGHT:
Cash out. Will finance short term.
REMARKS:
This SU zoning allows for some flexibility on development. Proposed developments that had momentum, townhomes, daycare, light retail.
COUNSELOR:
Michael Schlichte
Absolute Real Estate
1100 Alameda Blvd. NW Ste.4
Albuquerque, New Mexico, 87114
