Albuquerque Land Parcel For
For Sale
Contact for pricing
517 1st St SW, Albuquerque, NM 87102
0.488 acre land parcel with multi-family development potential.
Property SizeContact for details
Lot Size0.49 Acres
Days on Market680
Property Features for 517 1st St SW
General Information
Standard status
Active
Lot size
0.49 Acres
Property subtype
Land
Zoning
MX-H
Listing Agency:
N.M. Apartments, Inc.
(505) 463-3565
Listed By:
Todd Clarke · License #13711
Source:
Crexi
Added: Oct 13, 2024
Changed: Aug 14
Last Checked: Aug 21 at 4:56AM
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 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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
