Redevelopment Opportunity Near
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111 University Boulevard SE, Albuquerque, NM 87106
Redevelopment site near UNM ideal for multifamily or commercial use.
Property Size12,991 SF
Lot Size0.82 Acres
Price / SF$7.70
Days on Market97
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
Zoning
R-MH
Investment Type
Redevelopment
Building Details
Units
100
Listing Agency:
N.M. Apartments, Inc.
(505) 463-3565
Listed By:
Todd Clarke · License #13711
Source:
Crexi
Added: May 25
Changed: Aug 8
Last Checked: Jul 30 at 6:48AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
3,291
Businesses Nearby
Explore this area
Business Placement
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
