1000 La Joya

$1,100,000

1000 La Joya

$1,100,000

Contact Presenting Broker

    SIR

    Sotheby's International Realty ®

    (800) 409-7325

    Key Features

    • MLS: 202234149
    • Status: Active
    • Price: $1,100,000
    • Area: 32-Fairview
    • Type: Commercial
    • Acres: 11.33

    About this Property

    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.

    Additional Features

    • Type Commercial
    • Days On Market 582
    • UtilitiesSewer Not Available, Water Not Available
    • Water SourceNone
    • SewageNone

    Neighborhoods

    Nambe & the High Road

    The areas to the north between Santa Fe and Taos possess some of the most spectacular and varied landscapes in New Mexico. Beautiful communities line the Taos Gorge and the Rio Grande like Espanola, Velarde & Dixon along what is called the 'Low Road' to Taos. The 'High Road' is a scenic, winding road through the Sangre de Cristo Mountains that runs between Santa Fe and Taos. Among the

    Schools

    • Elementary School: Espanola
    • Junior High School: Carlos F. Vigil Espanola
    • High School: Espanola Valley High

    Listing Brokerage

    IDX listing

    Todd Clarke

    NM Apartment Advisors, Inc.

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    The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Sotheby's International Realty ® are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.