NM Apartment Advisors, Inc.

1000 La Joya, Espanola, NM

$1,100,000

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11.33

Acres

About 1000 La Joya

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.

Features of 1000 La Joya

MLS® # 202234149
Price $1,100,000
Bathrooms 0.00
Acres 11.33
Type Land
Sub-Type Commercial
Status Active

Community Information

Address 1000 La Joya
Area 32-Fairview
City Espanola
County Santa Fe
State NM
Zip Code 86632

Amenities

Utilities Sewer Not Available, Water Not Available
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

School Information

Elementary Espanola
Middle Carlos F. Vigil Espanola Middle School
High Espanola Valley High

Additional Information

Date Listed December 8th, 2022
Days on Market 293
Zoning R-1, 2, 3, 4, 5, 6
Short Sale No
RE / Bank Owned No

Listing Details

AgentTodd D. Clarke
OfficeNM Apartment Advisors, Inc.

Listing Map

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