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517 1st St SW Albuquerque, NM 87102

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For Sale
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0.488 acre land parcel with multi-family development potential.

Type:Land
Lot size:
0.49 Acres
Added:
Oct 13, 2024
Days on Market:
556
Last Refresh:
Mar 17 at 1:13 pm

Property Features for 517 1st St SW

General Information

Standard status
Active
Lot size
0.49 Acres
Property subtype
Land

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Listing Contact
Todd Clarke

Listing agent Todd Clarke License #13711

Listing office N.M. Apartments, Inc.

Listing date Oct 13, 2024

Source Crexi

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.


Overview

Albuquerque Land Parcel For Sale

Located in Albuquerque, New Mexico, the property at 517 1st St SW is a 0.488-acre land parcel zoned for Mixed Use High Intensity. Plans are in place for 124 multi-family units, featuring first-floor parking and a rooftop deck amenity. The property is located west of the under-construction $70 million Rail Trail, south of the Alvarado Transportation Hub, southwest of the ABQ Innovation district, northwest of the under-development NM Media Academy, and on the east side of the Central Business District. The property may qualify for financing from the NMFA Opportunity Enterprise Housing Development Fund.
Location Intelligence

Current Use by Public Records

Aramark Uniform Services ... (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Albuquerque
County
Sandoval
State
New Mexico
Longitude
-106.6492644
Latitude
35.0794034

FAQs

What type of property is this?
Commercial land - 0.488 acre land parcel with multi-family development potential.
Where is this commercial land located?
The property is located at 517 1st St 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: Significant Discount: Priced at $1,390,000, potentially almost 50% below comparable sales value.; Development Potential: Approved plans for 124 multi‑family units with first‑floor parking and a rooftop deck.; Prime Location: Situated near the Rail Trail, Alvarado Transportation Hub, ABQ Innovation District, NM Media Academy, and the Central Business District.
More about this property
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