118th St & Dennis Chavez Blvd Albuquerque, NM 87121
- Land
- 29.47 lot acres
Current Use by Public Records
- Land
Property Details for 118th St & Dennis Chavez Blvd
- Lot size
- 29.47 lot acres
- Property type
- Land
Description
This exceptional 29.47-acre commercial and residential land parcel presents a unique investment opportunity in Albuquerque, New Mexico. Located at the highly visible hard corner of 118th St and Dennis Chavez Blvd SW, this site benefits from a signalized intersection and excellent visibility. Currently zoned MX-L, the property allows for multifamily, retail, and active adult development, catering to a diverse range of potential uses. Its location within a rapidly expanding residential area, adjacent to thriving neighborhoods, ensures strong demand and potential for significant returns. The gently sloping terrain minimizes site work costs, while full utilities are already available on-site. The property's strategic position offers convenient access to major transportation arteries, including I-40 and I-25, providing seamless connectivity throughout the region. Furthermore, its proximity to Atrisco Heritage High School and George L Sanchez Collaborative School, along with nearby retail, educational, and medical facilities, enhances its appeal and potential for attracting residents and businesses. The seller may consider subdividing the land, offering flexibility for various development scenarios. The possibility of re-zoning to single-family detached housing further expands the development options for this exceptional property. This is a rare opportunity to acquire a large, well-located, and immediately developable site in a high-growth area of Albuquerque. The asking price is $4,492,996. The property is located in Bernalillo County, New Mexico, zip code 87121.
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
- -106.753
- Latitude
- 35.0245
