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76 Plaza 527 N Riverside Dr 13,750 SF Retail Building Espanola, NM 87532 $1,395,000 ($101.45/SF) 7.50% Cap Rate
Investment Highlights
- Positioned on a prime signalized corner at the intersection of Riverside Drive and State Road 76
- This property captures the highest traffic counts in the region, serving as the gateway between Santa Fe and Taos
Executive Summary
This high-visibility shopping center represents a stabilized, turn-key retail asset in the heart of Española’s primary commercial corridor. Positioned on a prime signalized corner at the intersection of Riverside Drive and State Road 76, this property captures the highest traffic counts in the region, serving as the gateway between Santa Fe and Taos. The property is a versatile multi-tenant layout designed for maximum retail exposure.
Investment Highlights Include:
Unbeatable Location: Directly across from the Santa Claran Casino Resort and its eight-story hotel, benefiting from constant tourism and local activity.
Shadow Anchored: Surrounded by major national traffic drivers, including Walmart Supercenter and Lowe’s Home Improvement, which solidify this corridor as the region's dominant shopping destination.
Exceptional Frontage: Commanding presence on Riverside Drive, the main artery for the city and surrounding rural communities.
Growth Potential: Española continues to serve as a central hub for Northern New Mexico, with a steady demand for well-located retail space.
Investment Highlights Include:
Unbeatable Location: Directly across from the Santa Claran Casino Resort and its eight-story hotel, benefiting from constant tourism and local activity.
Shadow Anchored: Surrounded by major national traffic drivers, including Walmart Supercenter and Lowe’s Home Improvement, which solidify this corridor as the region's dominant shopping destination.
Exceptional Frontage: Commanding presence on Riverside Drive, the main artery for the city and surrounding rural communities.
Growth Potential: Española continues to serve as a central hub for Northern New Mexico, with a steady demand for well-located retail space.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
13,750 SF
Building Class
C
Year Built
1980
Price
$1,395,000
Price Per SF
$101.45
Cap Rate
7.50%
NOI
$104,625
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.24 AC
Zoning
B2 - General Commercial
Parking
51 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 174650496 | Improvements Assessment | $417,432 |
| Land Assessment | $254,390 | Total Assessment | $671,822 |
Property Taxes
Parcel Number
174650496
Land Assessment
$254,390
Improvements Assessment
$417,432
Total Assessment
$671,822
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Presented by
Jalmark Realty
76 Plaza | 527 N Riverside Dr
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