517 1st St SW Albuquerque, NM 87102
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
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
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.6492644
- Latitude
- 35.0794034
Nearby Similar for Sale
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.
