Listing Agency: Absolute Investment Realty LLC a***@go-absolute.net Show Phone

Listed By: Alfredo Barrenechea · License #NM 19300

Source: Crexi

Added: Jul 12, 2024 Changed: Aug 13 Last Checked: Aug 22 at 1:15PM

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Investment Insights

Based on property information with market context.

This property presents a development opportunity situated southwest of the Coors & Fortuna intersection. The area has experienced substantial growth in recent years, positioning the property as a candidate for commercial development. Several large parcels in the trade area have been sold to developers, leading to the creation of new retail projects. The site's topography, off-hard-corner location, and NR-BP zoning make it suitable for various commercial uses. Nearby businesses include McDonald’s, Subway, Weck’s, Blake’s Lotaburger, O’Reilly Auto Parts, and T-Mobile. The property is located in a desirable trade area of Albuquerque. The seller also owns an adjacent parcel fronting Coors Blvd. Acquiring both parcels could provide access to Coors. Owner financing is available.

Key Highlights

• Prime commercial development opportunity in a rapidly growing area.
• NR‑BP zoning suitable for a number of commercial uses.
• Located in a desirable trade area with established businesses nearby.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Nail Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

370

Businesses Nearby

Explore this area Business Placement

Demographics for 87121, NM

77,802

Population

26,118

Households

3

Avg Household Size

31

Median Age

13%

College-Educated

80%

High-School Grad

336.9 sq mi

ZIP Area

231

Density / Sq Mi

$59,184

Median Household Income

$34,738

Median Earnings

$1,277

Median Rent

$192,500

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Development parcel in a desirable Albuquerque trade area.

Where is this commercial land located?

The property is located at 611 Coors Blvd NW Albuquerque, NM.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Prime commercial development opportunity in a rapidly growing area.; NR‑BP zoning suitable for a number of commercial uses.; Located in a desirable trade area with established businesses nearby.