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Graceland Dr Albuquerque, NM 87108

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For Sale
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0.29-acre lot, prime Albuquerque location.

Property Features for 0 Graceland Dr

General Information

Property type
Land
Lot Size
12,632 SF

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Listing Contact
Genieve Posen
Genieve Posen

Listing Agency: NAI Sun Vista Listing Agent: Genieve Posen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This 0.29-acre commercial and residential land parcel in Albuquerque, New Mexico, presents a unique multifamily development opportunity. Located on Graceland Dr SE, in the desirable Nob Hill Corridor, this property is zoned MX-T, allowing for the construction of up to three or four stories. The site's strategic location offers exceptional access, with two full-access points and proximity to all utilities. Its high walkability score is further enhanced by its surrounding retail services, making it an attractive location for residents. The property's potential is underscored by the low apartment vacancy rate in the area, indicating strong rental demand. Furthermore, its proximity to major institutions like the University of New Mexico (within one mile) and Sandia National Labs and Kirtland AFB (within ten minutes) ensures a robust potential tenant pool. The site's size is ideal for a development of at least four four-plex units or a townhome concept, capitalizing on the area's thriving real estate market. The asking price for this exceptional development opportunity is $275,000. The property is situated in Bernalillo County, New Mexico, with the zip code 87108. Coordinates are 35.0779368 latitude and -106.5965335 longitude.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Albuquerque
County
Bernalillo
State
New Mexico
Longitude
-106.5965335
Latitude
35.0779368

FAQs

What type of property is this?
Land - 0.29-acre lot, prime Albuquerque location.
Where is this land located?
The property is located at Graceland Dr Albuquerque, NM.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: $275,000 asking price.; 0.29-acre land parcel.; MX-T zoning permits multifamily development.
(505) 878-0001 Call to check price and availability
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