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    4 Central Ave Albuquerque, NM 87121

    For Sale
    $450,000

    4.28 Acres, Central Ave Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.28-acre vacant land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located in the southwest quadrant of the city, this property boasts desirable Central Avenue frontage, offering excellent visibility and accessibility. The lot is zoned A-1, permitting residential development, and its location within an underserved growth corridor suggests significant future appreciation potential. The expansive acreage provides ample space for a variety of residential projects, catering to diverse development plans. Situated just south of Central Avenue and east of 114th Street, the property benefits from convenient access to major roadways and established infrastructure. With its strategic location and considerable size, this land parcel represents a compelling investment for developers seeking to capitalize on Albuquerque's burgeoning real estate market. The asking price is $450,000. The property's address is 4 Central Ave SW, Albuquerque, NM 87121, within Bernalillo County. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area of Albuquerque. The property's size and zoning make it suitable for a range of residential projects, offering flexibility and potential for significant returns. Don't miss this chance to secure a prime piece of Albuquerque real estate.

    Property Features for 4 Central Ave

    General Information

    Property type
    Land
    Lot Size
    186,437 SF

    HighLights

    • 4.28‑acre vacant land parcel in Albuquerque, NM's southwest quadrant.
    • Central Avenue frontage provides excellent visibility and accessibility.
    • Located in an underserved growth corridor with high future appreciation potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Law Firm Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.9767608
    Latitude
    35.0240752

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    FAQs

    What type of property is this?
    Land - 4.28 Acres, Central Ave Frontage
    Where is this land located?
    The property is located at 4 Central Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 4.28-acre vacant land parcel in Albuquerque, NM's southwest quadrant.; Central Avenue frontage provides excellent visibility and accessibility.; Located in an underserved growth corridor with high future appreciation potential.
    (505) 238-7707
    Request Owner's contact information
    4 Central Ave Albuquerque, NM 87121
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    Albuquerque, NM 87121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4 Central Ave Albuquerque, NM 87121
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