1835 Lomas Blvd Albuquerque, NM 87106
- Land
- 0.42 lot acres
Current Use by Public Records
- Land
Property Details for 1835 Lomas Blvd
- Lot size
- 0.42 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 0.42-acre property at 1835 Lomas Blvd NE in Albuquerque, New Mexico, presents a unique redevelopment opportunity. Located in the heart of Albuquerque near UNM Hospital, this Fees Simple land boasts a highly desirable MX-H zoning designation, permitting construction of up to five stories. The site offers unparalleled visibility and accessibility along the heavily trafficked Lomas/Yale corridor, experiencing over 27,000 vehicles daily. Its strategic location makes it ideal for a variety of commercial or residential developments, including build-to-suit options. The property's pro-forma NOI is $49,000, with a 2.45% cap rate, and is offered at an asking price of $2,000,000. This is one of the last remaining privately owned lots near UNM Hospital, presenting a rare chance to capitalize on the high demand from UNM Hospital, faculty, staff, and students. The high-density zoning and significant traffic volume create an exceptional investment opportunity for a forward-thinking developer. The property's potential is further enhanced by its suitability for various uses, including drive-through businesses catering to the substantial daily traffic. Don't miss this chance to acquire a prime piece of Albuquerque real estate.
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
- -106.623
- Latitude
- 35.0895
