Investment Properties For Sale
Investment Property For Sale Near Albuquerque
Rio Del Oro Overview
The Rio Del Oro subdivision is an under-developed subdivision, one of the Rio Communities. The Communities are conveniently located only a short distance from the city of Belen, which is rapidly becoming a bedroom community for Albuquerque. The county seat of Los Lunas is very nearby as well.
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 mean that the land off of the Los Lunas and Belen I-25 exits are the likely expansion targets. Rio Del Oro is located between these two exits, east of the Rio Grande River and Interstate 25.
This area Is now poised to explode! Facebook's new multi-billion dollar data center complex in Los Lunas opened in 2019. Four buildings are already complete, two more are under construction, and $40 billion in construction bonds have been issued so that another six buildings can be added.
A new Interchange off of I-25 is in the works. This project in conjunction with a new east-west corridor (Morris Road Alignment) 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.
These residential lots are all in the western part of the Rio Del Oro Subdivision, near the already developed areas around Belen. Units 11, 12, and 13 are bordered on their west side by the Manzano Expressway, while Units 48, 49, and 51 are west of the Expressway even closer to the heavily developed areas.
The Valley Improvement Association has helped to promote the area as well as providing benefits for the owners. Effective January 1, 2024, Valley Improvement Association, Inc, will no longer impose an annual assessment on properties that were subject to an annual assessment. Taxes are under $20 per year per lot and are current.
Property Highlights
- 0.25 Acre Lots Sold In Groups Of 3 Or More (0.75 Acre Group Minimum)
- Near Belen, Los Lunas, And Developing Areas South Of Albuquerque
- Fantastic Manzano Mountains Views
- RV Or Camp While Holding For Investment, Up To 30 Days Per Year
- Approximately 5,000 Feet Elevation, Great Weather
Power & Water
These properties are off grid with no available utilities. Although utilities might be nearby, they have not yet been run to these exact properties.
When municipal utilities are run into an area, then every lot in that area becomes separately buildable. And of course much more valuable.
Local HIghlights
- Belen
- Los Lunas
- Roadrunner Passenger Rail System to Albuquerque and Santa Fe
- Manzano Mountains
- Cibola National Forest
- Tierra Del Sol Country Club And Golf Course
Important Buyer Notes
No business or commercial activity of any kind is allowed involving a property under loan contract. Any plans you might have of a commercial nature must wait until the property is paid for in full and ownership has been transferred to you.
We have no special or insider knowledge of the area. Due to their location, we believe that the properties we list here should be of particular interest to people who are excited about area growth and looking for investment. These are in areas near existing development and/or in areas where we have been seeing interest from land investors. However we are not financial consultants, you must do your own due diligence.
