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1000 La Joya

Espanola, NM 86632
  • $1,100,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 202234149
UPDATED: 78 min ago
$1,100,000
  • 0
    BEDS
  • 11.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
High School:

Description

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.



Santa Fe Association of Realtors logo © 2023 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. 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 The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-01-27T08:51:29.97.
www.theverybestofsantafe.com/homes/135300936
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1000 La Joya Espanola, NM 86632

  • Price: $1,100,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 78 min ago
  • MLS #: 202234149
0
Beds
0
Baths
0
½ Baths
11.33
Acres
Neighborhood:
31-Espanola
County:
Santa Fe
Area:
31-Espanola
Elementary School:
Espanola
Middle School:
Carlos F. Vigil Espanola Middle School
High School:
Espanola Valley High
Property Description
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.
Exterior Features

Garage YN No

Interior Features

Basement YN No Electric None Fireplace YN No

Property Features

Land Lease YN No Lease Considered YN No Listing Terms CashConventional Property Sub Type Commercial Property Sub Type Additional Commercial Sewer None Utilities SewernotavailableWaternotavailable Water Source None Zoning R-123456 Zoning Description Multifamily

Santa Fe Association of Realtors logo/> Listing provided courtesy of Todd Clarke of Nm Apartment Advisors, Inc.: (505) 440-8633.  © 2023 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.
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Santa Fe Association of Realtors logo © 2023 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. 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 The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-01-27T08:51:29.97.
 
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The Very Best Santa Fe Team - Keller Williams
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Santa Fe NM, 87501