pad site in rapidly developing area for sale · 2016-03-31 · pad site in rapidly developing area...

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PAD SITE IN RAPIDLY DEVELOPING AREA Coldwell Banker Commercial Las Colinas Amar Tesch II Greg Foltz Associate Broker Qualifying Broker 505-563-4659 Office 505-563-4650 Office 505-504-1992 Mobile [email protected] [email protected] 4801 Lang Ave NE, Suite 100, Albuquerque, NM 87109 CBCWorldwide.com Las Colinas FOR SALE NEC of N. Riverside Drive & Thorton Lane Espanola, NM 87532 © 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. The information above has been obtained from sources deemed reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Page 1: PAD SITE IN RAPIDLY DEVELOPING AREA FOR SALE · 2016-03-31 · PAD SITE IN RAPIDLY DEVELOPING AREA Coldwell Banker Commercial Las Colinas Amar Tesch II Greg Foltz Associate Broker

PAD SITE IN RAPIDLY DEVELOPING AREA

Coldwell Banker CommercialLas Colinas

Amar Tesch II Greg FoltzAssociate Broker Qualifying Broker505-563-4659 Office 505-563-4650 Office505-504-1992 Mobile [email protected]@LCRealty.com

4801 Lang Ave NE, Suite 100, Albuquerque, NM 87109

CBCWorldwide.com

Las Colinas

FOR SALENEC of N. Riverside Drive & Thorton LaneEspanola, NM 87532

© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of theEqual Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dbaColdwell Banker Commercial Affiliates. The information above has been obtained from sources deemed reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty or representationabout it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performanceof the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independentinvestigation of the property to determine to your satisfaction the suitability of the property for your needs.

Page 2: PAD SITE IN RAPIDLY DEVELOPING AREA FOR SALE · 2016-03-31 · PAD SITE IN RAPIDLY DEVELOPING AREA Coldwell Banker Commercial Las Colinas Amar Tesch II Greg Foltz Associate Broker

CBCWorldwide.com 2

PAD SITE IN RAPIDLY DEVELOPING AREA

Las Colinas

THE PROPERTY

Pad Site in Rapidly Developing AreaNEC of N. Riverside Drive & Thorton LaneEspanola, NM 87532

PROPERTY SPECIFICATIONS PRICE

Property Type: Vacant Land

Zoning: Commercial

Lot Size: +/- 2.877 Acres

Sale Price: $1,754,511.00

Price/SF: $14.00

Available Sale Terms: Cash to SellerOwner FinancingBuild-to-Suit

LOCATION INFORMATION

• Across the street, to the North is Lowe’s, Walmart Supercenter, and Rue 21, along with other nationally recognized retail stores and restaurants.

• 3 Minutes South from the Ohkay Owingeh Casino Resort.

• Perfect for a small free-standing single tenant user in the rear of the property, with enough room and potential for two small pads along N. Riverside Drive.

• Development Opportunity - Build-to-Suit Option Available

PROPERTY DETAILS

• Come be a part of Espanola, New Mexico’s fastest growing Retail & Restaurant Sector.

• Espanola’s N. Riverside Drive has proven to be an ideal destination hub for nearby Northern New Mexico’s underserved small towns and farming communities, stretching up to the Border of Colorado.

• 30 Minutes from Los Alamos, NM, home of the Los Alamos National Laboratory - which has one of the highest concentration of millionaires per capita in the nation, 2nd only to New York.

• 50 Minutes to Taos, NM - a NM tourism location known for it’s sky resort and scenery.

• 2 Nearby Pueblo Casino/Hotel’s are located at the North and South end of Espanola.

Page 3: PAD SITE IN RAPIDLY DEVELOPING AREA FOR SALE · 2016-03-31 · PAD SITE IN RAPIDLY DEVELOPING AREA Coldwell Banker Commercial Las Colinas Amar Tesch II Greg Foltz Associate Broker

CBCWorldwide.com 3

PAD SITE IN RAPIDLY DEVELOPING AREA

Las Colinas

SURVEY

Greg
Polygonal Line
Page 4: PAD SITE IN RAPIDLY DEVELOPING AREA FOR SALE · 2016-03-31 · PAD SITE IN RAPIDLY DEVELOPING AREA Coldwell Banker Commercial Las Colinas Amar Tesch II Greg Foltz Associate Broker
Page 5: PAD SITE IN RAPIDLY DEVELOPING AREA FOR SALE · 2016-03-31 · PAD SITE IN RAPIDLY DEVELOPING AREA Coldwell Banker Commercial Las Colinas Amar Tesch II Greg Foltz Associate Broker

Demographic Source: Applied Geographic Solutions 06/2012, TIGER Geography page 1 of 3©2015, Sites USA, Chandler, Arizona, 480-491-1112

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GRAPHIC PROFILE2000-2010 Census, 2012 Estimates with 2017 Projections

Calculated using Proportional Block Groups

Prepared By: Amar Tesch II & Greg Foltz

Lat/Lon: 36.0105/-106.0648RGRAP3

N Riverside Dr & Thorton Ln5 Miles 15 Miles 25 Miles

Espanola, NM

Population

Estimated Population (2012) 20,363 49,580 113,124Projected Population (2017) 20,947 50,788 116,554Forecasted Population (2022) 20,970 50,837 116,692Census Population (2010) 20,096 49,029 111,571Census Population (2000) 20,245 48,668 110,544

Projected Annual Growth (2012-2017) 584 0.6% 1,208 0.5% 3,430 0.6%Historical Annual Growth (2010-2012) 267 -0.4% 552 0.4% 1,554 0.5%Historical Annual Growth (2000-2010) -149 -0.1% 360 0.1% 1,027 0.1%

Estimated Population Density (2012) 259 psm 70 psm 58 psmTrade Area Size 78.5 sq mi 706.6 sq mi 1,962.6 sq mi

Race and Ethnicity (2012)

Not Hispanic or Latino Population 4,110 20.2% 16,250 32.8% 52,316 46.2%White 1,574 38.3% 9,297 57.2% 39,125 74.8%Black or African American 40 1.0% 116 0.7% 469 0.9%American Indian or Alaska Native 1,481 36.0% 3,262 20.1% 4,042 7.7%Asian 69 1.7% 440 2.7% 1,416 2.7%Hawaiian or Pacific Islander 2 - 11 0.1% 48 0.1%Other Race 102 2.5% 564 3.5% 1,273 2.4%Two or More Races 843 20.5% 2,560 15.8% 5,943 11.4%

Hispanic or Latino Population 16,253 79.8% 33,330 67.2% 60,809 53.8%White 9,503 58.5% 17,841 53.5% 36,212 59.6%Black or African American 63 0.4% 115 0.3% 270 0.4%American Indian or Alaska Native 456 2.8% 1,603 4.8% 2,409 4.0%Asian 87 0.5% 143 0.4% 397 0.7%Hispanic Hawaiian or Pacific Islander 16 0.1% 26 0.1% 55 0.1%Other Race 1,106 6.8% 4,402 13.2% 6,388 10.5%Two or More Races 5,022 30.9% 9,201 27.6% 15,078 24.8%

Page 6: PAD SITE IN RAPIDLY DEVELOPING AREA FOR SALE · 2016-03-31 · PAD SITE IN RAPIDLY DEVELOPING AREA Coldwell Banker Commercial Las Colinas Amar Tesch II Greg Foltz Associate Broker

Demographic Source: Applied Geographic Solutions 06/2012, TIGER Geography page 2 of 3©2015, Sites USA, Chandler, Arizona, 480-491-1112

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GRAPHIC PROFILE2000-2010 Census, 2012 Estimates with 2017 Projections

Calculated using Proportional Block Groups

Prepared By: Amar Tesch II & Greg Foltz

Lat/Lon: 36.0105/-106.0648RGRAP3

N Riverside Dr & Thorton Ln5 Miles 15 Miles 25 Miles

Espanola, NM

Age Distribution (2008)

Age Under 5 Years 1,524 7.5% 3,240 6.5% 6,285 5.6%

Age 5 to 9 Years 1,399 6.9% 3,281 6.6% 6,416 5.7%

Age 10 to 14 Years 1,388 6.8% 3,386 6.8% 6,644 5.9%

Age 15 to 19 Years 1,409 6.9% 3,412 6.9% 6,637 5.9%

Age 20 to 24 Years 1,459 7.2% 3,039 6.1% 6,127 5.4%

Age 25 to 29 Years 1,188 5.8% 2,592 5.2% 5,740 5.1%

Age 30 to 34 Years 1,212 6.0% 2,805 5.7% 6,239 5.5%

Age 35 to 39 Years 1,252 6.2% 2,959 6.0% 6,644 5.9%

Age 40 to 44 Years 1,198 5.9% 2,972 6.0% 6,885 6.1%

Age 45 to 49 Years 1,311 6.4% 3,459 7.0% 7,848 6.9%

Age 50 to 54 Years 1,453 7.1% 3,834 7.7% 8,888 7.9%

Age 55 to 59 Years 1,396 6.9% 3,703 7.5% 9,205 8.1%

Age 60 to 64 Years 1,290 6.3% 3,273 6.6% 8,809 7.8%

Age 65 to 69 Years 905 4.4% 2,594 5.2% 7,103 6.3%

Age 70 to 74 Years 713 3.5% 1,860 3.8% 4,955 4.4%

Age 75 to 79 Years 523 2.6% 1,334 2.7% 3,567 3.2%

Age 80 to 84 Years 414 2.0% 966 1.9% 2,541 2.2%

Age 85 Years or Over 330 1.6% 871 1.8% 2,592 2.3%

Median Age 36.5 39.0 42.8

Generation (2012)

Generation 9/11 Millennials (Age Under 10 Years) 2,923 14.4% 6,521 13.2% 12,701 11.2%

Gen Y to Echo Boomers (Age 10 to 29 Years) 5,443 26.7% 12,430 25.1% 25,148 22.2%

Gen Xers (Age 30 to 49 Years) 4,974 24.4% 12,195 24.6% 27,616 24.4%

Baby Boomers (Age 50 to 69 Years) 5,043 24.8% 13,404 27.0% 34,005 30.1%

Silent Generation (Age 70 to 79 Years) 1,236 6.1% 3,194 6.4% 8,521 7.5%

G.I. Generation (Age 80 Years or Over) 744 3.7% 1,837 3.7% 5,132 4.5%

Page 7: PAD SITE IN RAPIDLY DEVELOPING AREA FOR SALE · 2016-03-31 · PAD SITE IN RAPIDLY DEVELOPING AREA Coldwell Banker Commercial Las Colinas Amar Tesch II Greg Foltz Associate Broker

Demographic Source: Applied Geographic Solutions 06/2012, TIGER Geography page 3 of 3©2015, Sites USA, Chandler, Arizona, 480-491-1112

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GRAPHIC PROFILE2000-2010 Census, 2012 Estimates with 2017 Projections

Calculated using Proportional Block Groups

Prepared By: Amar Tesch II & Greg Foltz

Lat/Lon: 36.0105/-106.0648RGRAP3

N Riverside Dr & Thorton Ln5 Miles 15 Miles 25 Miles

Espanola, NM

Household Type (2012)

Total Households 8,259 20,608 51,161Family Households 5,247 30.7% 13,161 31.5% 29,098 30.9%Family Households with Children 2,714 51.7% 6,665 50.6% 13,264 45.6%Family Households No Children 2,532 48.3% 6,496 49.4% 15,833 54.4%

Non-Family Households 3,012 30.7% 7,447 31.5% 22,063 30.9%Non-Family Households with Children 16 0.5% 29 0.4% 55 0.3%Non-Family Households No Children 2,996 99.5% 7,418 99.6% 22,008 99.7%

Education Attainment (2012)

Elementary or Some High School 2,821 21.4% 5,937 17.9% 11,590 14.3%High School Graduate 3,846 29.2% 8,825 26.6% 17,786 22.0%Some College or Associate Degree 4,099 31.1% 9,858 29.7% 21,188 26.2%Bachelor or Graduate Degree 2,418 18.3% 8,601 25.9% 30,451 37.6%

Household Income (2012)

Estimated Average Household Income $50,898 $65,664 $74,794Estimated Median Household Income $38,266 $52,824 $56,821

HH Income Under $10,000 1,088 13.2% 2,019 9.8% 4,502 8.8%HH Income $10,000 to $34,999 3,667 44.4% 7,481 36.3% 17,699 34.6%HH Income $35,000 to $44,999 1,220 14.8% 2,862 13.9% 6,620 12.9%HH Income $50,000 to $79,999 1,333 16.1% 3,333 16.2% 8,280 16.2%HH Income $80,000 to $94,999 967 11.7% 3,018 14.6% 7,197 14.1%HH Income $100,000 to $149,999 967 11.7% 3,018 14.6% 7,197 14.1%HH Income $150,000 or More 333 4.0% 1,796 8.7% 5,837 11.4%