98th St. & Sage Rd Albuquerque, NM 87121
- Land
- 1.00 lot acres
Current Use by Public Records
- Land
Property Details for 98th St. & Sage Rd
- Lot size
- 1.00 lot acres
- Property type
- Land
Description
This exceptional commercial land parcel, located at the southwest corner of 98th Street and Sage Road SW in Albuquerque, New Mexico (zip code 87121), presents a unique investment opportunity. The property boasts a sizable lot ranging from 1 to 10.76 acres, zoned MX-L, and offers significant potential for retail development. Situated in a rapidly expanding, underserved market area, this location benefits from exceptional visibility on 98th Street, featuring convenient full access points. The high traffic count, exceeding 36,000 vehicles daily at the intersection, ensures substantial exposure for any retail venture. Its strategic position along a heavily traveled corridor leading to and from Interstate 40 further enhances its accessibility and appeal. The property is served by all necessary utilities, simplifying development and operational processes. Proximity to Atrisco Heritage High School adds to the site's desirability, providing a built-in customer base and potential synergy with community activities. The land value ranges from $9 to $23 per square foot, reflecting the significant potential for return on investment. This is an unparalleled chance to capitalize on the growth trajectory of this vibrant Albuquerque area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.741
- Latitude
- 35.0557
