216 Palomas Dr Albuquerque, NM 87108
- Land
- 0.48 lot acres
Current Use by Public Records
- Land
Property Details for 216 Palomas Dr
- Lot size
- 0.48 lot acres
- Property type
- Land
Description
This exceptional 0.48-acre lot, located at 216 & 218 Palomas Dr NE in Albuquerque, New Mexico, presents a compelling multifamily development opportunity. Zoned R-MH, this property is ideally situated for residential construction, offering convenient access to desirable neighborhoods and key infrastructure. The location boasts proximity to the University of New Mexico's main campus, the vibrant Nob Hill district, and the upscale ABQ Uptown area, ensuring high demand and strong rental potential. The lot's size provides ample space for a substantial multifamily project, catering to the growing need for housing in this thriving area. Its strategic position offers easy access to Interstate 40, enhancing connectivity throughout the city and beyond. This is a rare chance to acquire a well-positioned parcel in a highly sought-after Albuquerque location, perfect for investors seeking to capitalize on the robust multifamily market. The asking price is $165,000. The property is located in Bernalillo County, New Mexico, with a zip code of 87108.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.583
- Latitude
- 35.0795
