1.25-Acre Lot in Rio Del Oro Commercial, NM

About This Property

Owner financing: $99 down plus a $195 document fee. Financed price $14,975. Term options: 1 year at 0% ($1,239.67/mo); 2 years at 9% ($679.61/mo); 5 years at 9% ($308.80/mo); 10 years at 9% ($188.44/mo). Pay-in-full price: $13,477 (10% cash discount). Per the seller, no business or commercial use is allowed while the property is under a loan contract. These five commercial strip mall lots are strategically scattered throughout the Rio Del Oro subdivision. Each lot is part of a larger strip mall and is integral to the completion of that particular strip mall. Having lots in scattered locations increases the likelihood that one of your lots will be desired by a developer. Each lot is approximately 0.25 acre. These properties are in Units 2, 6, 11, 40, and 53. Unit 2 Block 15 Lot 4 Lot 4 has frontage along platted Rio Placido Boulevard and is just over half a mile from the Rio Del Oro Loop, which is the major road through the subdivision.. Unit 6 Block 1 Lot 7 Lot 7 has frontage along platted Rio Placido Boulevard and is about 2/3 mile from the Rio Del Oro Loop and 1/2 mile from the high school.. Unit 11 Block 23 Lot 16 Lot 16 is about 215 yards from Higman Boulevard and less than a mile from the intersection of the Manzano Expressway and Higman Boulevard.. Unit 40 Block 42 Lot 8 Lot 8 has frontage on Encinas Loop and is about 850 yards from the intersection of the Rio Del Oro Loop and Military Highway. It is among a cluster of large acreages that were originally designated as a regional center, medical center, and community center, but which may be developed in different ways.. Unit 53 Block 55 Lot 9 Lot 9 has frontage on Fairbanks Boulevard and is about a mile west of the Manzano Expressway, east of Highway 47 and Adelino. Fairbanks Boulevard crosses De Haan Loop then continues to intersect with the Manzano Expressway.

Location

Rio Del Oro Commercial, 2-15-4,6-1-7,11-23-16,40-42-8,53-55-9, Valencia County, NM

Owner Finance Terms

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YourCheapLand is a family-owned business specializing in undeveloped land in the American Southwest, with lots in Arizona, New Mexico, Texas, Utah, Colorado and Oklahoma. Owner financing is what they are best known for: most lots can be bought with $99 down, with terms from 1 year at 0% to longer terms at 9%. The land suits off-grid homesteads, cabins, tiny homes, RVs, camping, hunting and recreation. Contact Mike and Samantha for details on any property.