1000 La Joya St, Espanola, NM 87532
11.33 Acres of Residential Land Offered at $1,100,000 USD in Espanola, NM 87532
For Sale
Active
Asking Price $1,100,000
- Property Type
-
Land
- Square Feet
- 493,535 SF
Listing Contacts
Todd Clarke
Property Overview
For sale – 11.33 acres R-6 Urban Residential zoned apartment land in Santa Fe County
Have you heard about the new Opportunity Enterprise Housing Development Program through NMFA? This is a loan program that provides low-cost funding to developers for construction of workforce housing and creation infrastructure for Affordable Housing in New Mexico. The goal is to increase the supply of attainable housing to help address the housing crisis and provide homes for New Mexicans.
With that being said, below is a fantastic opportunity to develop such land in Espanola. It offers great benefits from Los Alamos National Labs for a future developer!
Maestas Real Estate and NM Apartment Advisors Inc. are thrilled to present an 11.33-acre site now available for development, potentially accommodating a low-density townhouse community with 66 units.
http://www.nmapartment.com/apt/NMAA-LaJoyaLand.pdf (http://www.nmapartment.com/apt/NMAA-LaJoyaLand.pdf)
Los Alamos National Labs is set to relocate 20,000 jobs to Espanola in the coming decade, offering various incentives including: - Park-and-ride services in Espanola for students attending Los Alamos schools (the top school district in the state). Park-and-ride services for parents employed at LANL. Furthermore, the parcel is located in Santa Fe County! The City of Espanola strongly favors rental properties that resemble townhouses.
Situated just down the road from the renowned Parasol restaurant and in the vibrant heart of Espanola, NM, this property has been held by the same family for generations. It is now ready for development to address the increasing demand for housing driven by the influx of new jobs in the area.
Information from the recent Espanola housing summit can be found at https://www.ventanafund.org/borrower-resources/housing-summits/
This site is strategically located at one corner of the Los Alamos/Espanola/Santa Fe employment triangle, which boasts a population of 217,008, with a median age of 45 and an average household income of $101,364. There is also opportunity to gain an additional 10 acres from adjacent land owners.
The property is being offered at $1,100,000, equating to $16,667 per unit, with projected rents of $1,825 per unit or $2.61 per square foot. The current owners are pleased to provide conceptual site plans and development models to qualified developer/investors who complete the online confidentiality agreement.
Please contact us with any questions.
Anita Maestas
Qualifying Broker & Owner
Maestas Real Estate Services, Inc.
505-463-3565
and
Todd Clarke CCIM CIPS
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
Have you heard about the new Opportunity Enterprise Housing Development Program through NMFA? This is a loan program that provides low-cost funding to developers for construction of workforce housing and creation infrastructure for Affordable Housing in New Mexico. The goal is to increase the supply of attainable housing to help address the housing crisis and provide homes for New Mexicans.
With that being said, below is a fantastic opportunity to develop such land in Espanola. It offers great benefits from Los Alamos National Labs for a future developer!
Maestas Real Estate and NM Apartment Advisors Inc. are thrilled to present an 11.33-acre site now available for development, potentially accommodating a low-density townhouse community with 66 units.
http://www.nmapartment.com/apt/NMAA-LaJoyaLand.pdf (http://www.nmapartment.com/apt/NMAA-LaJoyaLand.pdf)
Los Alamos National Labs is set to relocate 20,000 jobs to Espanola in the coming decade, offering various incentives including: - Park-and-ride services in Espanola for students attending Los Alamos schools (the top school district in the state). Park-and-ride services for parents employed at LANL. Furthermore, the parcel is located in Santa Fe County! The City of Espanola strongly favors rental properties that resemble townhouses.
Situated just down the road from the renowned Parasol restaurant and in the vibrant heart of Espanola, NM, this property has been held by the same family for generations. It is now ready for development to address the increasing demand for housing driven by the influx of new jobs in the area.
Information from the recent Espanola housing summit can be found at https://www.ventanafund.org/borrower-resources/housing-summits/
This site is strategically located at one corner of the Los Alamos/Espanola/Santa Fe employment triangle, which boasts a population of 217,008, with a median age of 45 and an average household income of $101,364. There is also opportunity to gain an additional 10 acres from adjacent land owners.
The property is being offered at $1,100,000, equating to $16,667 per unit, with projected rents of $1,825 per unit or $2.61 per square foot. The current owners are pleased to provide conceptual site plans and development models to qualified developer/investors who complete the online confidentiality agreement.
Please contact us with any questions.
Anita Maestas
Qualifying Broker & Owner
Maestas Real Estate Services, Inc.
505-463-3565
and
Todd Clarke CCIM CIPS
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
Property Details
- Property Subtype
- Residential/Multifamily
All available spaces
- Space
- Lot 1
- Size
- 493,535 SF
- Price
- $1,100,000
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