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Listed by Santa Fe Realty Unlimited
$ 960,000
Est. payment | /mo
$ 960,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20256390
HOA Y/N No
Source NMMLS
Property Description
This property represents a rare and significant investment opportunity, offering a large and versatile site with multiple structures and substantial redevelopment potential. Spanning 65.50 acres, the parcel includes five detached houses, a former hospital, and an old dental office, providing over 35,000 square feet of building space. These structures have been unoccupied for an extended period and require extensive repair or renovation, presenting investors with the ability to transform the property according to their vision. The layout and variety of the buildings make the site suitable for a wide range of uses, including residential, commercial, or mixed-use development. The five standalone houses are distributed across the grounds, offering potential rental or live-in spaces once rehabilitated. The larger hospital building and dental office occupy a central location and feature sizable floor plans, allowing for adaptation to offices, clinics, community space, or other functional uses. The grounds include two functioning wells and a septic system, essential infrastructure that supports both current and future development possibilities. There is also additional land that could be leveraged for construction, landscaping, parking, or other improvements depending on regulatory approvals. Due to the condition of the buildings, a hold harmless agreement is required before scheduling a viewing. The property is being offered as-is, reflecting its current state and the need for significant investment to bring it back into use. While the structures are aged and in need of attention, their size and diversity provide exceptional flexibility for creative redevelopment. Investors have the option to renovate existing buildings, adapt them for modern use, or selectively remove structures to create new construction opportunities. The sites combination of multiple residences, large commercial-scale buildings, and open land is extremely rare in the market. Its versatility, scale, and potential make it ideal for those looking to pursue a transformative project with numerous possibilities. Whether envisioned as a restored campus, a multi-unit residential development, or a mixed-use facility, this property offers a blank canvas with significant upside for the right buyer.
Location
State NM
County Rio Arriba
Exterior
View Y/N false
Private Pool No
Others
Tax ID 1056135120225
Mindy Longmire
Owner/Qualifying Broker | License ID: NM19417
+1(575) 626-5411 | mindy@dynamicpropertiesofnm.com