1000 La Joya St, Espanola, NM 87532

**MLS Property Description (Approx. 500 Words)** Exceptional opportunity to acquire approximately **11.33 acres** of prime residential development land in Española, New Mexico. Strategically located within the thriving Santa Fe–Española–Los Alamos corridor, this property offers developers and investors the chance to capitalize on one of Northern New Mexico's most underserved housing markets. Zoned **R-6 Urban Residential**, the site provides outstanding potential for a variety of residential development options, including townhomes, duplexes, condominiums, or other permitted residential uses, subject to buyer verification and governmental approvals. A conceptual development plan has been prepared illustrating the potential for approximately **66 townhouse-style residential units**, providing an excellent starting point for developers seeking to meet the growing demand for quality housing in the region. The property's size, zoning, and location make it well suited for a thoughtfully designed residential community that serves both local residents and professionals employed throughout Northern New Mexico. Positioned just minutes from downtown Española and approximately 22 miles from Los Alamos National Laboratory, the property benefits from one of the state's strongest economic drivers. Los Alamos National Laboratory continues to support thousands of high-quality jobs while contributing significantly to the regional economy. Combined with the employment opportunities found in Santa Fe and Española, this creates a strong demand for additional housing options throughout the area. The property has remained in the same family for generations and has historically been utilized for agricultural and grazing purposes. Today, it represents a rare opportunity to transform a large infill parcel into a vibrant residential neighborhood. The site offers attractive mountain views, a relatively level topography, and convenient access to schools, shopping, restaurants, healthcare facilities, and major transportation routes, making it an ideal location for future residents. The offering also includes valuable due diligence materials designed to help streamline the development process. Available information includes a conceptual site plan, appraisal, Phase I Environmental Site Assessment, market analysis, and preliminary financial analysis, allowing qualified purchasers to evaluate the property's development potential with confidence. Northern New Mexico continues to experience a significant housing shortage, creating favorable market conditions for new residential construction. Española sits at the center of a regional employment triangle connecting Santa Fe, Los Alamos, and surrounding communities, making it an increasingly attractive location for workforce and market-rate housing alike. As residential demand continues to outpace supply, opportunities to acquire development-ready land of this size and quality are becoming increasingly limited. Whether your vision includes a build-to-rent community, for-sale townhomes, workforce housing, or another residential development concept, this exceptional property provides the location, scale, and development potential necessary to bring your project to life. Rarely does an opportunity arise to acquire over 11 acres of residentially zoned land in such a strategic Northern New Mexico location. Developers and investors seeking long-term growth potential are encouraged to explore everything this outstanding property has to offer.