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Albuquerque Land Development Opportunity
For Sale
$195,000

509/511 High Street SE, Albuquerque, NM 87102

Land, Albuquerque, NM

Property SizeContact for details
Lot Size0.16 Acres
Days on Market143

Property Features for 509/511 High Street SE

General Information

Property type Land
Property subtype Other
Zoning description MX-T*
Subdivision Hunings Highland Add
Lot features Split Possible, Historic District
Elementary school Eugene Field
Middle school Jefferson
High school Albuquerque
Directions Head south on I-25 toward Las Cruces. Take exit 224A for Lead Ave, turn right on Lead Ave SE, then left on High St SE -- destination is on the right.
Standard status Active
APN 101405748621443417
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 1104

Utilities

Sewer type Public Sewer
Water source Public
Listing Agency: Coldwell Banker Legacy · Coldwell Banker Real Estate
Listed By: Ariel Resnik · License #REC20250133
Added: Apr 16 Changed: Sep 3 Last Checked: Sep 5 at 4:06AM
MLS# 1101870

Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This property presents a development opportunity within Albuquerque's Huning Highland Historic District. It comprises two adjoining parcels with approved plans for constructing a fourplex of townhome-style units designed by Eric Spurlock. The plans, zoning, and historic approvals are already in place, positioning the site as nearly shovel-ready. Situated in proximity to EDo, Downtown, and major transportation corridors, this infill site is located in a historic, high-demand area. The lot size is approximately 0.16 acres. Owner financing options are available, featuring a 30% down payment (negotiable based on interest rate), a 30-year term, and a 5-year balloon.

Key Highlights

  • Shovel‑ready fourplex development opportunity in Albuquerque's Huning Highland Historic District.
  • Approved plans by Eric Spurlock, zoning, and historic approvals are complete.
  • Prime location near EDo, Downtown, and major corridors.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Locksmith Catering Service (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,287
Businesses Nearby

Demographics for 87102, NM

20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Land - Land with approved plans for a fourplex in historic district.
Where is this land located?
The property is located at 509/511 High Street SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Shovel‑ready fourplex development opportunity in Albuquerque's Huning Highland Historic District.; Approved plans by Eric Spurlock, zoning, and historic approvals are complete.; Prime location near EDo, Downtown, and major corridors.
More about this property
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