NM > Albuquerque > Atlantic & Pacific
Albuquerque, NM 87102,517 1st ST SW
Albuquerque, NM 87102,517 1st ST SW
Albuquerque, NM 87102,517 1st ST SW
Albuquerque, NM 87102,517 1st ST SW
Albuquerque, NM 87102,517 1st ST SW
Albuquerque, NM 87102,517 1st ST SW
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Susan Buchman

Susan Buchman

+1(505) 554-4173
Listed by NM Apartment Advisors, Inc.
$ 1,750,000
Est. payment | /mo

0.49 Acres Lot

Save
$ 1,750,000
Est. payment | /mo
Save

0.49 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Atlantic & Pacific

MLS Listing ID 1072123

HOA Y/N No

Annual Tax Amount $940

Lot Size 0.490 Acres

Acres 0.49

Lot Dimensions Survey

Property Description

The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open from 9/4 to 10/16

Location

State NM

County Bernalillo

Area 80 - Downtown Area

Interior

Fireplace No

Exterior

Community Features Curbs, Gutter(s)

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Water Access Desc Community/Coop

Present Use Unimproved

Building

Sewer Public Sewer

Water Community/ Coop

Schools

Elementary Schools Dolores Gonzales

Middle Schools Washington

High Schools Albuquerque

Others

Tax ID 101405723424533705

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(505) 554-4173

susan@thebuchmangroup.com

4313 Corrales Rd, Corrales, New Mexico, 87048, USA

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517 1st ST SW