611 Coors Blvd Albuquerque, NM 87121
This exceptional 611 Coors Blvd NW Albuquerque, NM 87121 property presents a unique investment opportunity. Priced at $975,000, this fee simple land parcel offers significant potential for mixed-use development. Located in a high-traffic area with approximately 27,000 vehicles per day, the site benefits from its proximity to major thoroughfares like I-40 and Central Avenue (Route 66). The MX-M zoning allows for a wide range of commercial and residential uses, making it ideal for various development projects. The property's off-hard-corner location and relatively flat topography further enhance its appeal. This underserved trade area has experienced substantial recent growth, with several large parcels recently acquired by developers for new retail projects. Nearby businesses include well-known national chains such as McDonald's, Subway, and O'Reilly Auto Parts, indicating a strong existing commercial presence. The seller also owns an adjacent parcel fronting Coors Blvd, offering the potential for acquiring a larger development footprint with direct Coors Blvd access. Owner financing is available. This is a rare chance to capitalize on the burgeoning growth in this desirable Albuquerque location. The property's strategic location and flexible zoning make it an attractive investment for both commercial and residential developers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.