Albuquerque High-Density Apartment
For Sale
Contact for pricing
Pending
4611 Central Ave NE, Albuquerque, NM 87108
0.5481-acre site zoned for mixed-use development in Albuquerque's Nob Hill.
Property SizeContact for details
Lot Size0.55 Acres
Days on Market683
Property Features for 4611 Central Ave NE
General Information
Standard status
Pending
Lot size
0.55 Acres
Property subtype
Land
Zoning
MX-M
Listing Agency:
N.M. Apartments, Inc.
Listed By:
Todd Clarke · License #13711
(505) 440-8633
Source:
Crexi
Added: Oct 23, 2024
Changed: Aug 8
Last Checked: Jul 25 at 6:46AM
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.
Located at 4611 Central NE in Albuquerque, NM, this 0.5481-acre property is zoned Mixed Use Medium and offers potential for high-density development. Prospective plans are available for 95 multi-family units with surface parking. The flexible zoning includes a provision for Urban Centers, Main Street areas, and Premium Transit areas (UC-MS-PT), allowing for additional density, parking reductions, and building concept plans. The property is situated in the heart of Albuquerque’s walkable Nob Hill neighborhood, known for its restaurants, brew pubs, distilleries, and boutique stores. It is located two blocks from the Albuquerque Rapid Transit Nob-Hill stop. The location has a walk score of 83, a transit score of 45, and a bike score of 92, making it a biker's paradise. The property is priced at $895,000, with a price per unit of $9,421 and a price per square foot of $37.49.
Key Highlights
- High‑density zoning allows for 95 multi‑family units, with potential for more.
- Priced at 39% of recent comparable sales, a significant value opportunity.
- Located in the heart of Albuquerque's Nob‑Hill, a highly walkable neighborhood with restaurants, brew pubs, distilleries, and boutique stores.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.5481-acre site zoned for mixed-use development in Albuquerque's Nob Hill.
Where is this commercial land located?
The property is located at 4611 Central Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High‑density zoning allows for 95 multi‑family units, with potential for more.; Priced at 39% of recent comparable sales, a significant value opportunity.; Located in the heart of Albuquerque's Nob‑Hill, a highly walkable neighborhood with restaurants, brew pubs, distilleries, and boutique stores.
