Listing Summary
Acquire approx. 3 acres of development land planned for medium-density homes adjacent to the future Town Center, located on McMahon Blvd just west of Rainbow Blvd in Rio Rancho, New Mexico (Zip Code 87114). Priced at $298,800 (approx. $2.29 per square foot), this site offers a prime opportunity in an expanding westside growth corridor.
Full Description
Positioned in the growing Paradise West area of Rio Rancho at McMahon Blvd just west of Rainbow Blvd, this approx. 3-acre property spans 130,680 square feet and is specifically planned for medium-density residential housing adjacent to the planned Town Center. The site features dirt road access via the county trail McMahon extension and sits roughly 1,200 feet west of the CNM NW campus, placing it close to established neighborhoods, expanding rooftops, and daily retail amenities.
The location benefits from robust vehicle traffic, with approx. 11,800 vehicles per day on McMahon Blvd and approx. 13,300 VPD on Universe Blvd. Surrounded by the Ventana Ranch trade area—which features over 26,700 occupied households—the property is supported by strong local demographics, including a 3-mile population of approx. 84,500 and a median household income of approx. $91,800. Situated within Bernalillo County (Area 120 - Paradise West, UPC 100906619934720105), this offering delivers long-term potential for residential developers.
Quick Glance
- Listing ID:
CL-New Mexico-28514
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
3.00 Acr
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