1617 Wellspring Ave SE 0.88 Acres of Commercial Land Offered at $340,000 in Rio Rancho, NM 87124

This .88-acre parcel offers a rare opportunity for commercial development in the rapidly growing Unser Gateway Corridor in Rio Rancho, New Mexico. Zoned C-1, the lot is perfectly positioned at the hard corner of Wellspring Blvd and Westside Blvd, with valuable dual frontage along both streets.
The site benefits from significant traffic exposure, with nearby Unser Blvd recording traffic counts of 42,000 vehicles per day. The lot’s proximity to major roadways ensures easy access for customers and clients.
This parcel is situated in the heart of an expanding commercial and residential community. Notably, it is in close proximity to the newly developed *Albertsons Market*, *Furniture Row*, and the expanding *Presbyterian Rust Medical Center*, all within a few minutes’ drive. The area is bustling with new growth, including the planned *Village Development* that will bring even more retail, residential, and commercial businesses to the neighborhood.
To the west, the Los Diamontes development, a 100-acre residential community, is underway with new homes being built next to Rio Rancho’s newest elementary school, *Joe Harris Elementary*.
All major utilities are readily available along Westside Blvd, with additional utilities located on the eastern edge of the lot along Wellspring Blvd. The parcel is easily accessed via Wellspring Blvd, ensuring ease of entry for future development.
With a high per capita income of $77K within a 1-mile radius, this property is located in a prosperous and growing community, making it an ideal location for medical, retail, or service businesses.