1701 Gold Ave Albuquerque, NM 87106
- Specialty properties
- 11,778 SF
- 1.00 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 1701 Gold Ave
- Lot size
- 1.00 lot acres
- Property size
- 11,778 SF
- Property type
- Specialty properties
- Property subtype
- Churches & religious facilities
Description
This exceptional 11,778-square-foot property presents a unique redevelopment or owner-user opportunity. Located at 1701 Gold Ave SE in Albuquerque, New Mexico, this former church sits on a one-acre lot and is zoned R-ML (Multi-family low density), allowing for diverse uses. Its strategic location directly across from the University of New Mexico provides unparalleled access to a substantial population base. The University, with over 28,000 full-time students and nearly 14,000 employees, contributes to a high daytime population of 38,924 within a one-mile radius. Proximity to major employers like UNM Hospital, Presbyterian Hospital, and Lovelace Medical Center further enhances its appeal. This Albuquerque property is situated in an Opportunity Zone, offering potential preferential tax benefits for qualified investors. The single-story building presents a blank canvas for creative repurposing, catering to a variety of potential uses given its zoning and location. This is a rare chance to acquire a significant property in a thriving, high-demand area. The property consists of one building.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.627
- Latitude
- 35.0804
