Prime Commercial Land at Cerrillos and Airport

Two prime infill sites ripe for commercial development next to San Isidro Plaza.

4680 San Ignacio Rd Lot A-2: 6.811 acres±   ($4,125,000)

4635 San Ignacio Rd Lot B: 1.036 acres±      ($625,000)

For both lots: $4,750,000 ($13.90/sf) (7.847 ac±)

Located across the street from regional shopping center Santa Fe Place. Nearby businesses include Lowe's, Sprouts, Best Buy, Albertson's, Target, Starbucks, Panera Bread, Ulta, Barnes & Noble, World Market, Dillards and more.

4680 San Ignacio Rd has C-2 commercial zoning which allows for retail, restaurants, multifamily, hospitality, office, religious, educational and more. 4635 San Ignacio Rd has Mixed Use zoning, which allows for residential, retail, restaurants, office, personal services, studios, wellness, educational, community facilities, and live/work units with the condition that MU zoned land can be developed for residential use with up to 50% commercial space.

Access available via San Ignacio Road. Close to the busy intersection of Cerrillos Road (52,000 VPD) and Airport Road (25,000 VPD). City water and sewer in place near the lot line. Public utilities available. Located in an Opportunity Zone.

If developed for multifamily housing, this property might qualify for the next round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open on a revolving basis  - more info at opportunity-enterprise-housing-development-revolving-fund/