Paseo Del Norte And Woodmont Ave Albuquerque, NM 87113

Property Details for 0 Paseo Del Norte And Woodmont Ave

Lot size

5.87 lot acres

Property type

Retail properties

Property subtype

Land

Description

This exceptional 5.872-acre retail land parcel presents a premier development opportunity in Albuquerque's rapidly expanding Northwest quadrant. Strategically positioned between the thriving Ventana Ranch community and Volcano Vista High School, this location benefits from a substantial student population exceeding 6,500 students within close proximity, ensuring consistent high traffic and demand. The property sits within a major residential growth corridor, experiencing robust current and projected retail and mixed-use demand. Its adjacency to LaTerra's Bedrock at the Trails, a 344-unit build-to-rent development, further underscores the area's dynamic growth. The southwest corner of Paseo Del Norte and Woodmont Avenue has secured approval for a 333-unit market-rate apartment complex, adding to the future population density and retail potential. A planned signalized intersection at this key location will enhance accessibility and visibility. The property boasts excellent frontage along the major arterial Paseo Del Norte and Woodmont Avenue, with Woodmont Avenue featuring a four-lane design, double yellow lines, and dedicated bike lanes. This ensures exceptional visibility and convenient access. Utilities are readily available, with a 12-inch waterline and wet utilities already in place along Woodmont Avenue. Adding to its appeal, this property is situated within a Qualified Opportunity Zone, offering significant tax advantages for investors. The asking price is $2,174,499.95, with a land value of $8.50 per square foot. The permitted zoning is MX-L.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Longitude

-106.747

Latitude

35.1888