Redevelopment Opportunity Near
111 University Boulevard SE Albuquerque, NM 87106
111 University Boulevard SE, Albuquerque, NM, 87106
Contact for pricing
For Sale
Contact for pricing
Redevelopment site near UNM ideal for multifamily or commercial use.
Property Size12,991 SF
Lot Size0.82 Acres
Price / SF$7.70
Days on Market53
Property Features for 111 University Boulevard SE
General Information
- Standard status
- Active
- Size
- 12,991 SF
- Lot size
- 0.82 Acres
- Property subtype
- Land, Special Purpose
Listing Agency
N.M. Apartments, Inc.
(505) 440-8633
Listed by
Todd Clarke · License #13711
Source
Crexi
Added: May 25 Checked: Jul 16 at 10:26 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of N.M. Apartments, Inc.
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity across from the University of New Mexico. The site includes 12,991 square feet of improvements that formerly served as a house of worship, situated on 0.8206 acres of R-MH zoned land. The location boasts high walk (82), bike (91), and transit (46) scores. The University has announced a new medical campus a few blocks north of the site. Located in a Qualified Census Tract, Opportunity Zone, and Metropolitan Redevelopment Area, the property offers potential benefits for developers. Local funding may also be available due to its location in the Sycamore Metropolitan Redevelopment area. The site could support a new housing community, potentially accommodating approximately 100 units, addressing a portion of the city's housing needs. The property is suitable for a church, day care, or a combination of both, especially with the State of New Mexico's Universal Child Care initiative. The IDO allows for higher density and the potential for more units if a developer builds taller than 4 stories. Available documents include a Phase I environmental report, surveys, site plan, information on the vacated alley, floorplans, renderings, and a development model.
Key Highlights
- Prime redevelopment opportunity across from UNM in an A+ location.
- R‑MH zoning on 0.8206 acres allows for high‑density development, potentially supporting 100 units.
- Located in a QCT, OZ, and MRA area, offering significant federal and local funding benefits for developers.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Redevelopment site near UNM ideal for multifamily or commercial use.
Where is this commercial land located?
The property is located at 111 University Boulevard SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Prime redevelopment opportunity across from UNM in an A+ location.; R‑MH zoning on 0.8206 acres allows for high‑density development, potentially supporting 100 units.; Located in a QCT, OZ, and MRA area, offering significant federal and local funding benefits for developers.
