MULTI-PURPOSE INDUSTRIAL + INVESTMENT

Vacant Land for Sale
Also listed as Industrial
Catylist Listing ID: 30148093
Property Subtypes: Industrial, Other
Gross Land Area: 1.60 - 2.03 Acres
Sale Price: $625,000
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/21/2017

Overview / Comments

This is a flat corner lot contiguous to William Street, SE and Woodward Road, SE. The owners have received notice from the City of Albuquerque that Woodward Road is to be widened from the corner of the lot east toward Interstate 25 to keep pace with the growth in that area of south Albuquerque, which may link Woodward to Airport Boulevard, the main entrance to the Albuquerque International Airport.
The 1.605-2.026 acre parcel includes four mobile homes that are fully rented; at least one has been continuously rented for 10 years-plus. The owner received authority from the City for the mobile homes, but this is not a mobile home park.
Gross income, net income, and estimated cap rate in connection with the mobile homes are available to a prospective buyer following signing of a non-disclosure agreement.
Zoning prior to the IDO was SU-1. The Comparison Map of the IDO indicates NR-LM (Non-Residential Light Manufacturing).

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: South Valley
Taxing Authority: Bernalillo County
Tax ID/APN: ABQ186742
Zoning: SU-1 - Special Use Zone
Largest Nearby Street: Broadway, Interstate 25.
Highway Access: The property is located strategically just north of Rio Bravo Blvd, just west of Interstate 25.
Airports: Albuquerque International Sunport
Site Description: See photographs.
Area Description: Mostly industrial, light manufacturing, etc.
Zoning Description: See Property Description
Topography: Level
Easements: Other
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,367 84,938 235,853
Median Age: 33.31 33.43 33.98
Households: 1,752 32,777 93,056

Contact

Photograph of Listing Agent

Ray Regan

Realty One of New Mexico
CARNM CIE Member
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