Albuquerque Land Near Planned
For Sale
$1,390,000
517 1st Street SW, Albuquerque, NM 87102
LAND - Albuquerque, NM
Property SizeContact for details
Lot Size0.49 Acres
Days on Market674
Property Features for 517 1st Street SW
General Information
Property type
Land
Property subtype
Other
Zoning description
MX-H*
Subdivision
Atlantic & Pacific
Elementary school
Dolores Gonzales
Middle school
Washington
High school
Albuquerque
Directions
From Central and 2nd south to Iron, east to the property.
Standard status
Active
APN
101405723424533705
Lot size
0.49 Acres
Taxes and HOA fees
Tax Description
Lot C, Block A, Atlantic and Pacific Addition
Tax Annual Amount
940
Legal Description
Lot C, Block A, Atlantic and Pacific Addition
Utilities
Sewer type
Public Sewer
Listing Agency:
NM Apartment Advisors, Inc.
(505) 440-8633
Listed By:
Todd D Clarke · License #13711
(505) 440-8633
Added: Oct 8, 2024
Changed: Apr 16
Last Checked: Aug 12 at 11:06PM
MLS# 1072123
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 0.49-acre commercial land is located in Albuquerque, New Mexico. The property is situated directly west of the planned $70 million Rail Trail, south of the Alvarado Transportation Hub, southwest of the ABQ Innovation District, and northwest of the under-development NM Media Academy, on the east side of the Central Business District. The current owner has plans for 100 multi-family units on the site, with first-floor parking and a rooftop deck amenity. The property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund; applications are open.
Key Highlights
- Plans for 100 multi‑family units with first‑floor parking and a rooftop deck amenity.
- Potential for significant value increase based on comparable sales (estimated value closer to $2,150,983).
- Possible eligibility for financing from the NMFA Opportunity Enterprise Housing Development Fund.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,888
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Land near planned Rail Trail, close to downtown Albuquerque.
Where is this commercial land located?
The property is located at 517 1st Street SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Plans for **100 multi‑family units with first‑floor parking and a rooftop deck amenity.**; Potential for significant value increase based on comparable sales (estimated value closer to $2,150,983).; Possible eligibility for financing from the NMFA Opportunity Enterprise Housing Development Fund.
