Commercial Land Development
$4,000,000 to $5,000,000
May 30, 2012
Ideal site for extended stay Hotels/Motels, restaurants, office or manufacturing.
Now priced below appraisal, this property is perhaps the most desirable commercial location on the south side of Santa Fe,the property offers premium highway visibility and access, is part of the fastest growing part of the City and is only 15 minutes to the historic plaza. It is in very close proximity to the Railrunner Station. Furthermore, the property includes views of three mountain ranges. The property was recently approved for annexation into the City as a Business Park zoning district. Contact Al Lilly at 505-690-1122 for the Use List.
The property is priced below the appraisal completed prior to City annexation. At $3.92/SF, this offers exceptional value and a tremendous opportunity for a developer or end user. The property consists of 5 existing lots. The price is $4,237,200 for the entire property or Owner will sell 10 acres for $1,707,500. Water & sewer need to be extended to the property. Owner financing is available or the Owner will consider a trade.
Located at the intersection of I-25 and 599. 599 carries traffic north from I-25 to US-84/285, bypassing Santa Fe traffic. A light rail Railrunner train station is located at this intersection. This location is in the path of development as Santa Fe grows to the south and southwest. This site is easily accessible and highly visible from I-25 to both north and southbound traffic. It is close to the Santa Fe municipal airport and light rail service.
Tai Bixby, CCIM
Sotheby's International Realty
417 East Palace Ave
Santa Fe NM 87501