Emily Ave Los Lunas, NM 87031
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24-Acre Site, 400 Units Possible
Property Features for 0 Emily Ave
General Information
- Property type
- Land
- Lot Size
- 1,071,358 SF
Listing Agency: NM Apartment Advisors Inc. Listing Agent: Todd D Clarke
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 24.59-acre site in Los Lunas, New Mexico, presents a prime opportunity for multifamily development. Located in Valencia County, with an address on Emily Ave SW, zip code 87031 (APN R302199), this property is zoned per the Area Plan, allowing for the construction of up to 400 units. The land is priced at $6,000,000, translating to $15,000 per acre. Situated near a high concentration of employment growth, including Amazon, Meta/Facebook, and Walmart distribution centers, and a planned rail park, this location offers significant potential for attracting renters. The site boasts a highly advantageous position across the highway from these major employers, providing a built-in tenant base. Importantly, the property is fully entitled and build-ready, with mass grading complete and utilities readily available. A building permit is the only remaining requirement to commence construction. The Area Plan dictates a maximum height of two stories. This presents a unique opportunity to address the significant housing shortage in the area, contributing to a market experiencing substantial rent growth. The property is part of a larger 272.3-acre master plan, located just north of Cerro de Los Lunas Preserve.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Map
- City
- Los Lunas
- County
- Valencia
- State
- New Mexico
- Longitude
- -106.7973921
- Latitude
- 34.8193393
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FAQs
What type of property is this?
Land - 24-Acre Site, 400 Units Possible
Where is this land located?
The property is located at Emily Ave Los Lunas, NM.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: $6,000,000 asking price for 24.595 acres of land.; Residential land zoned per Area Plan, allowing for a high-density multifamily development.; Located in Los Lunas, NM (Valencia County, zip code 87031), near major employers including Amazon, Meta/Facebook, and Walmart distribution centers.
