4611 Central Ave NE Albuquerque, NM 87108

Listing agency N.M. Apartments, Inc. t***@nmapartment.com Show Phone

Listed by Todd Clarke · License #13711

Source Crexi

Added: Oct 23, 2024 Updated: Jul 6 at 8:19AM Checked: Jul 19 at 7:24AM

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Investment Insights

Based on property information with market context.

Located at 4611 Central NE in Albuquerque, NM, this 0.5481-acre property is zoned Mixed Use Medium and offers potential for high-density development. Prospective plans are available for 95 multi-family units with surface parking. The flexible zoning includes a provision for Urban Centers, Main Street areas, and Premium Transit areas (UC-MS-PT), allowing for additional density, parking reductions, and building concept plans. The property is situated in the heart of Albuquerque’s walkable Nob Hill neighborhood, known for its restaurants, brew pubs, distilleries, and boutique stores. It is located two blocks from the Albuquerque Rapid Transit Nob-Hill stop. The location has a walk score of 83, a transit score of 45, and a bike score of 92, making it a biker's paradise. The property is priced at $895,000, with a price per unit of $9,421 and a price per square foot of $37.49.

Key Highlights

• High‑density zoning allows for 95 multi‑family units, with potential for more.
• Priced at 39% of recent comparable sales, a significant value opportunity.
• Located in the heart of Albuquerque's Nob‑Hill, a highly walkable neighborhood with restaurants, brew pubs, distilleries, and boutique stores.

Property Analytics

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FAQs

What type of property is this?

Commercial land - 0.5481-acre site zoned for mixed-use development in Albuquerque's Nob Hill.

Where is this commercial land located?

The property is located at 4611 Central Ave NE Albuquerque, NM.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: High‑density zoning allows for 95 multi‑family units, with potential for more.; Priced at 39% of recent comparable sales, a significant value opportunity.; Located in the heart of Albuquerque's Nob‑Hill, a highly walkable neighborhood with restaurants, brew pubs, distilleries, and boutique stores.