Albuquerque High-Density Apartment
For Sale
$1,060,546
4611 Central Ave NE, Albuquerque, NM 87108
0.5481-acre site zoned for mixed-use development in Albuquerque's Nob Hill.
Property SizeContact for details
Lot Size0.55 Acres
Days on Market597
Property Features for 4611 Central Ave NE
General Information
Standard status
Active
Lot size
0.55 Acres
Property subtype
Land
Zoning
MX-M
Amenities
Power
Water
Sewer
Natural Gas
Listing Agency:
Maestas Real Estate Services INC
Listed By:
Anita Maestas · License #16029
(505) 463-3565
Source:
Carnm.resimplifi
Added: Mar 5, 2025
Changed: Oct 7
Last Checked: Oct 20 at 5:03PM
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 Maestas Real Estate Services INC
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Investment Insights
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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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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
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Business Placement
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
Median Home Value
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Frequently Asked Questions
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 $1,060,546.
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.
