Nhn Las Estancias Dr Albuquerque, NM 87105
- Land
- 158.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Nhn Las Estancias Dr
- Lot size
- 158.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 158± acre property in Albuquerque, New Mexico, presents a unique investment opportunity. Currently operating as a highly productive alfalfa hay farm, it boasts a Bernalillo County-approved Sector Plan permitting 450 residential units. Located near Coors Blvd, adjacent to a Walmart Supercenter, theatre, and senior living facility, this strategically positioned land is poised for significant appreciation. The approved plan requires a 23± acre donation to the county for open space. The property's history includes tobacco and other agricultural uses. This is a rare chance to acquire a large parcel in a rapidly developing area, offering the potential for immediate residential development or long-term land banking. The property can be purchased in various configurations, including a separate 40± acre parcel, the entire parcel west of the Arenal with the approved development plan, or a 23± acre parcel east of the Arenal. The asking price is $10,990,000. This is a generational opportunity to own a piece of Albuquerque's history and future.
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
- -106.708
- Latitude
- 35.0201
