Rio Del Oro Commercial in New Mexico

Attention Investors!

 

Shopping Center Lots South Of Beautiful Albuquerque

 

Commercial Lots Are Very Hard To Find

 

 

 

We are selling selected groups of five commercial shopping center lots located south of Albuquerque, New Mexico in Valencia County.  *NOTE As requested we have added some single lots as well for those of you who wish to purchase single individual lots.*  The Rio Del Oro subdivision is 1 of 5 major subdivision groups that make up what are known as the Rio's.  Rio Del Oro is situated in the north end and the northwest corner of the Rio's, which is the closest end to Albuquerque.  This is a beautiful area.

These are strip mall lots and they generally run at least 40 feet wide by 272 feet deep, which is the standard 1/4 acre strip mall lot.  These are laid out the same as strip malls are everywhere.  They are meant to have common wide sidewalks in front of them and are the narrow deep stores with storage room or office in the back.  The finished stores can be a single lot width, or they may be several lots wide.

The main roads in the Rio Del Oro are the Manzano Expressway and the Rio Del Oro Loop.  This planned community has these main roads designed for the movement of vehicles and not for shopping centers.  Each subdivision unit has its own main roads and this is where the strip mall style shopping centers will be located.  They are laid out and designed to be an integral part of the community, with the residential areas surrounding the commercial areas.

The Rio Grande River Valley holds the bulk of central New Mexico's population.  Interstate 25 runs through this valley, and the mountains on the valley sides are not buildable.  Earlier expansion went north of Albuquerque, but now that area is so congested that expansion south is the logical next step.  Kirtland Air Force Base and the Isleta Indian Reservation are large tracts of land that are unavailable for expansion.  This means that the land off of the Los Lunas and Belen I-25 exits are likely expansion targets.

This area has been rapidly growing in value and popularity. There are many schools, churches, businesses, and homes in the Rio Del Oro. The University of New Mexico Valencia Campus is located here and it is one of the fastest growing schools in the state. The communities of Las Maravillas and Pasitos del Cielo are also located here. The nearby county seat of Los Lunas has around 12,000 residents.

This area Is now poised to explode!  Facebook's new 980,000 square foot data center complex in Los Lunas will add a lot of good jobs to the area when it opens in 2018, and it is expected to attract other high tech companies to the area as well.  Another exciting area development is the announcement that Keeter Plastics is opening a manufacturing plant in the Rio Communities.  At the very next exit to the north on I-25, they are in the final phases of a large 1,500 home subdivision.  Another developer has purchased a 6,000 acre tract near the same exit and is developing it for 6,000 homes.  Valencia County's population has grown an unbelievable 46% in the last 10 years alone.  The city of Belen already has a population of 6,900 and the "Rio Communities" have another 5,800.  This area is rapidly growing in value and popularity. 

A New Interchange off of I-25 is in the works. This $96 million project will connect I-25 to State Highway 314, across the Rio Grande River and then on to State Highway 47 where these Rio Communities are located. The bypass will make the Rio Communities more accessible and create more traffic through the area. The Rio Communities are currently the last large vacant tract of land in the area and with easier access, growth will be coming this way!

The Regional Transportation District has recently launched the new Passenger Rail System and it is now in operation.  This connects the Belen / Los Lunas area directly with Albuquerque. Residents are now able to live in the Belen area and work in Albuquerque, and commute on this light rail system. And they have just completed the construction of extending this rail system clear to the state capital of Santa Fe.

The Valencia County Commissioners in their February 2018 session voted to prepare a solicitation to find a company to operate and maintain a local hospital.  Around 25 million dollars to fund the hospital has already been collected through a special tax levy.  These events and others indicate that local development might explode in the near future.

Here is a May 17, 2006 Article by Money Magazine describing the red hot Albuquerque market. When the economy recovers, this area should be red hot again.  The time to buy is now, while property can still be had on the cheap.

The Rio Del Oro elevation of around 5000' makes for near perfect temperatures year round. The summer highs are in the 80's & 90's with the winter highs in the 50's. Albuquerque is the number 1 sun city in the country and receives over 300 days of sunshine per year!  The terrain of the Rio Grande River Valley is level to lightly rolling with native grasses, bushes, and small to medium size trees. There are stunning views in every direction. To the east the Manzano Mountains tower over 10,000 feet offering breathtaking views of the Rockies. There are several National Forest and wilderness areas within a short drive. They offer an incredible variety of outdoor activities such as mountain bike riding, hiking, camping, hunting, fishing, canoeing, snow-skiing, horseback riding, ATV riding, sightseeing, and just relaxing.  Near Belen you can enjoy the beautiful Tierra Del Sol Country Club And Golf Course.  The Rio Grande River is also nearby.

In the immediate Belen area there is a Walmart Super Center, IGA Grocery, Staples, community center, senior center, museum, the University of New Mexico Valencia Campus, as well as the normal array of schools, churches, health care, etc.  With convenient access to Interstate 25, all other amenities are just a short drive away in Albuquerque.  The very next exit north on Interstate 25 has another Super Walmart as well as Walmart's central distribution center for the entire state.  On up I-25 is Albuquerque, which is the largest city in New Mexico, and is home to the Annual International Balloon Fiesta. And don't forget the large resort and casino in Isleta that is just a 25 minute ride away. 

One of the real driving forces helping The Rio Del Oro develop is the Valley Improvement Association. This owners association helps to promote the area as well as take care of many benefits for the owners. The "VIA" works hard to bring in development in an orderly fashion. They have donated many sites for schools, churches, recreational parks, Habitat For Humanity homes, greenways, and bike paths. They maintain the roads that are used throughout these units. They work to bring in and develop the utilities. Their efforts have resulted in many recent improvements including the 1 million gallon water reservoir and the 18 inch main water line running along the North Loop to name a few. The Valley Improvement Association does have annual dues that are charged to each property. They vary somewhat but are approximately $20 to $40 per year per lot.

Every corner of every lot in the Rio Del Oro subdivision was surveyed and pinned back when they were subdivided and laid out.  All of the roads were also surveyed and named. 

Since no one knows which unit of the subdivision will build next, we believe it is best to own a single lot in several different units, instead of several lots all in one unit. Therefore we are selling these commercial properties in groups of 5, with each of the 5 being scattered in different subdivision units.  Keep in mind a "Strip Mall" needs to completely build all at once and not be missing any pieces. This makes every single lot a very important piece to the complete shopping center.  As mentioned earlier we have also added some single lots as well for those of you who prefer to purchase single individual lots.  

As with all of our properties there are no liens, back taxes, or back association fees owed on them.  During the time these lots are undeveloped, the county taxes will be $5 per year per lot as mandated by the state of New Mexico.

Why not include some of these in your investment portfolio!

 

 


Available Properties

Property Acres Price
11-40-12,13-89-17,15-3-22,26-34-3,41-22-7 1.25 +/- $14,975.00 Sold!
11-23-21,13-50-9,24-1-31,26-34-4,41-22-8 1.25 +/- $14,975.00 Details »
2-12-5,14-32-7,17-13-15,37-44-19,41-26-15 1.25 +/- $14,975.00 Sold!
Unit 13 Block 43 Lot 20 0.25 +/- $3,475.00 Sold!
Unit 2 Block 12 Lot 34 0.25 +/- $3,475.00 Details »
Unit 8 Block 20 Lot 47 0.25 +/- $3,475.00 Details »
Unit 25 Block 50 Lot 11 0.25 +/- $3,475.00 Details »
Unit 40 Block 42 Lot 4 0.25 +/- $3,475.00 Details »

This map shows where Rio Del Oro is located within New Mexico.

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Available Properties

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Property Acres Price
11-40-12,13-89-17,15-3-22,26-34-3,41-22-7 1.25 +/- $14,975.00 Sold!
11-23-21,13-50-9,24-1-31,26-34-4,41-22-8 1.25 +/- $14,975.00 Details »
2-12-5,14-32-7,17-13-15,37-44-19,41-26-15 1.25 +/- $14,975.00 Sold!
Unit 13 Block 43 Lot 20 0.25 +/- $3,475.00 Sold!
Unit 2 Block 12 Lot 34 0.25 +/- $3,475.00 Details »
Unit 8 Block 20 Lot 47 0.25 +/- $3,475.00 Details »
Unit 25 Block 50 Lot 11 0.25 +/- $3,475.00 Details »
Unit 40 Block 42 Lot 4 0.25 +/- $3,475.00 Details »

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171 Bear Creek Rd Sarver, PA 16055

724-353-3363 724-353-2375