These are five side-by-side approximately 0.25 acre strip mall type commercial lots in an undeveloped section of the Rio Del Oro subdivision in Valencia County, New Mexico, just south of Albuquerque. There are lots 9, 10, 11, 12, and 13 in Block 55 of Unit 40.
They are located in the Fast Growing RIO DEL ORO COMMUNITIES Which is a Very 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 Strip Malls are laid out the same as Strip Malls are everywhere. The Stores all have the common wide sidewalks in front of them and are the narrow deep stores with their storage room or office in the back. The finished stores can be a single width, or they may be several store widths wide.
The Main Roads in the Rio Del Oro's are the Manzano Expressway and the Rio Del Oro Loop. This Planned Commu...
The Main Roads in the Rio Del Oro's 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 it's 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 Cost of These FIVE Commercial Shopping Center Lots is Only $14,975. This is Less Than $3,000 Each! The $294 "BUY IT NOW" amount includes a $99 Payment toward the purchase of the property plus $195 to cover the paperwork associated with the purchase. The $99 Payment will be subtracted from the full purchase price of $14,975. The $14,876 balance can be paid at 0% interest if paid in 12 equal monthly scheduled payments and fully paid within 1 year. Or you can choose to pay the balance off over several optional terms that are longer than 1 year at a 9% interest rate.
There are no prepayment penalties of any sort, so you can always pay more or all at any time.
ABOUT THE AREA: The Rio Del Oro's are 1 of 5 major subdivision groups that make up what is called the Rio's. The Rio Del Oro's are situated in the North End and the Northwestern Corner of the Rio's, which is the closest end to Albuquerque.
This area has been rapidly growing in value and popularity. There are many Schools, Churches, Businesses, and Homes in the Rio Del Oro's. 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 Next Door City of Belen has a population of 6900. The Next Door City of Los Lunas is the County Seat and has around 12,000. The "Rio Del Oro's" has another 5800. Valencia County's population has grown an unbelievable 46% from 1990 to 2000 alone and is presently estimated to be around 66,700. At times in the past, Valencia County" had been the Fastest Growing County in all of New Mexico!!!
Even Though This Area Has Already Been Rapidly Growing, It Is Now Poised To Explode!!! Almost all of the population of central New Mexico is in the fast growing Rio Grande River Valley. This valley runs north to south with Interstate 25 and the River running in the valley. There are huge steep mountains on both sides of this valley that are not buildable. The City of Albuquerque reached full capacity in the mid-1980's and has very few directions to expand.Most of the earlier growth went to the north of Albuqueruqe, however that area has become very expensive and the builders are looking for more affordable ground. As you travel south from Albuquerque on Interstate 25, you must cross Kirtland Air Force Base and then the Isleta Indian Reservation to get to buildable land. The first buildable land is off the Los Lunas Exit and the Belen Exit, which are only 8 miles apart.
The Albuquerque area real estate has been hot and is getting hotter. You can still buy these properties now while they are cheap.
The county is moving forward with its plans to build a new hospital. This will be another Huge Boost to this area!
The Rio Del Oro's are positioned between these 2 exits and on the east side of Interstate 25 and the Rio Grande River. At the Los Lunas Exit, the 1st Phase of a Large 1500 Home Subdivision has recently been completed. There are many new homes being built there. Another Developer has just Purchased a 6,000 Acre Tract near the same exit and is planning a 6,000 home subdivision there.
The Regional Transportation District has opened the Road Runner Passenger Rail System. This links the Belen / Los Lunas area directly with Albuquerque. Residents are now able to live in this area and work in Albuquerque, and commute on this light rail system. This Rail System has recently been further expanded and now links to the State Capitol of Santa Fe.
There are many reasons this area is attracting new residents and is building so rapidly. The elevation of 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 293 Days of Sunshine Per Year!!! The Terrain of the 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, site seeing, and just relaxing.
The Rio Del Oro's are conveniently located close to the City of Belen, the County Seat of Los Lunas, Interstate 25, and Albuquerque. The Beautiful Tierra Del Sol County Club and Golf Course is close to Belen where you can enjoy a round of Golf on a Great Course. You also will be close to the Beautiful Rio Grande River.
At Belen there is a Walmart Super Center, IGA Grocery, Staples, Senior Center, Museum, as well as the normal array of schools, churches, health care, etc. Los Lunas has another Super Walmart as well as Walmart's Central Distribution Center for the entire state. With convenient access to Interstate 25, any other amenity you could want is just a short drive away up I-25 in 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 few minutes ride away.
One of the real driving forces helping The Rio Del Oro's develop is The "Valley Improvement Association". This Owners Association helps to promote the area as well as take care of the 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 approx $20 to $40 per year per lot.
Every Corner of Every Lot in The Rio Del Oro's Was Surveyed and Pinned When They Were Subdivided and Laid Out. All of The Roads Were Also Surveyed and Named. The Title is free and clear on these lots. There are no liens or back taxes or back association fees owed on them. During the time these lots are undeveloped, the County Taxes will be the State Mandated $5 per year per lot.
With the new Facebook data center in Las Lunas and other recent area economic developments, you might want to consider these for your investment portfolio.
Finance Price: $14,975 + $195 document fee. With an initial payment of $294 ($99 down payment + $195 document fee) we can finance the balance for as little as $177.93 per month over 11 years. Or you can choose to buy them outright instead of financing, and receive a 10% cash discount.
For more information or to purchase, please click on the Property Website link below, which is under Resources.
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