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6680 Cerrillos Road, Santa Fe, NM 87507

$1,250,000
Property Type: Land Lot Size (sq. ft.): 163,611 Status: Active
Current Price: $1,250,000 List Date: 2/09/2024 Last Modified: 4/05/2024

Description

This prime 3.76-acre vacant commercial parcel at 6680 Cerrillos Road offers a unique investment opportunity in the heart of Santa Fe's bustling automotive retail hub, home to a cluster of 12 dealerships. This property is positioned just north of the Walmart Superstore and Presbyterian Hospital and stands out for its strategic location. While some of the land falls within a floodplain, the parcel has approximately 1.5 acres of buildable terrain. This opens up the potential for constructing a two-story structure exceeding 20,000 square feet, with innovative terrain management strategies enabling the second level to align with Cerrillos Road's elevation.

Supplements: Detailed sketches, including potential site layouts, elevation, and a comprehensive site study, are available upon request, showcasing solutions to maximize the site's utility despite its floodplain impact. Located merely two lots north of the CarMax Dealership and directly opposite the Dodge, Jeep, and Subaru dealerships, the property is at the epicenter of automotive retail. The surrounding area is witnessing a commercial, apartment, and residential development surge, further enhancing the site's appeal. The property benefits from high traffic volumes on Cerrillos Road, thanks to its proximity to significant intersections like Jaguar Drive, Governor Miles to the north, Tierra Contenta Drive, and Las Solaras Drive to the south. As one of the last undeveloped parcels in its rapidly expanding commercial and residential subdistricts, this offering represents a chance for investors, developers, or retailers to acquire one of Santa Fe's most desirable locations In the path of significant growth and development potential.

More Information MLS# 1056932

Contract Information

Listing Price: 1250000 Current Price: $1,250,000 List Price/Acre: 332446.81 List Price/Lot SqFt: 7.64 Status: Active Bank Owned: No

Location

Street #: 6680 Street Name: Cerrillos St Suffix: Road County: Santa Fe City/Town Code: Santa Fe State/Province: NM Zip Code: 87507 Zip +4: 9714 Geo Lat: 35.623754 Geo Lon: -106.026207 Area: 320 - Santa Fe County S of RR Zone Atlas: NOZA

General Property Description

# of Lots: 1 Acres: 3.76 Lot SqFt: 163611.36 Lot Size Source: On-Line Apx Lot Dim Front: 160 Apx Lot Dim Side: 1092 Flood Zone: AE Package Deal: No

Tax & Legal Info

UPC Code: 910021225 PID: No SAD: No Current Taxes: 14838.62 GRT Code: 01-123 Tax Exemption: No

Legal Description Details

Short Legal Desc: T16N R 9E S 73.756AC LOT 2 Tract: 16N Unit: N/A Block: N/A Lot: 2 Subdivision: N/A Section: 7 Township: N/A Range: 9E

Remarks & Misc

Directions: South of Governor Miles on the east side of the street.

Utility Impact Fee

Utility Impact Fee: Unknown

Sales Info

Seller Assist Ofrd: No Trade/Xch Considered: No

Association Details

Association: No

Property Features

Distance to Water: In Street Dist to Electrical: In Street Distance to Sewer: Call Listing Broker Distance to Phone: In Street Distance to Gas: In Street Distance to Cable: In Street Possession: Day of Funding Type: Commercial; Lot Topography: Other - See Remarks Features: None Utilities: Electricity Available; Natural Gas Available; Sewer Available; Water Available Restrictive Covenant: None Docs/Data Available: FEMA Map; Plat Map Wastewater: Public Sewer Water Source: City Water Finance Considered: Cash; Conventional Zoning: C-2
Listing Office: Sun Mountain Real Estate
Last Updated: April - 05 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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