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    Central Ave Albuquerque, NM 87121

    For Sale
    $1,900,000

    Prime Industrial Land, I-40 Access, Zoned CLI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 17.9-acre industrial land parcel presents a rare opportunity in Albuquerque, New Mexico. Strategically located on Central Ave SW, this property boasts convenient dual access to Interstate 40, facilitating efficient transportation and logistics. Situated in a thriving commercial area, the site benefits from readily available utilities. An existing site plan is available for review, streamlining the development process. The property is fully zoned and entitled for industrial uses under Bernalillo County's CLI zoning designation, eliminating potential delays associated with zoning approvals. This large-scale site is ideal for a variety of industrial projects, offering significant potential for growth and return on investment. The 87121 zip code location ensures easy access to a skilled workforce and established infrastructure. This is a unique opportunity to acquire a substantial, well-located industrial land parcel ready for immediate development. The property's size and strategic location make it an attractive investment for businesses seeking to establish or expand their operations in Albuquerque's dynamic industrial market. The existing site plan options provide a head start on development, minimizing upfront planning costs and accelerating project timelines. Don't miss this chance to secure a prime piece of Albuquerque industrial real estate. Asking price is $1,900,000.

    Property Features for 0 Central Ave

    General Information

    Property type
    Land
    Lot Size
    779,724 SF

    HighLights

    • $1,900,000 asking price.
    • 17.9‑acre industrial land parcel.
    • CLI zoning, Bernalillo County, New Mexico.
    • Central Ave SW frontage in Albuquerque, NM (87121).
    • Dual I‑40 access.
    • Existing site plan options available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.9637311
    Latitude
    35.0276902

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land, I-40 Access, Zoned CLI
    Where is this land located?
    The property is located at Central Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price.; 17.9-acre industrial land parcel.; CLI zoning, Bernalillo County, New Mexico.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Central Ave Albuquerque, NM 87121
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