Catylist ID:
#14150226
230 Apartment Units Take to DRB for Site Plan For Building Permit
Vacant Land
for Sale
| Catylist Listing ID: | 14150226 |
| Property Subtypes: | Multi-Family, Office |
| Gross Land Area: | 9.05 Acres |
| Sale Price: | $2,350,000 |
| Unit Price: | $259,668 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/21/2018 |
Overview / Comments
|
230 apartment units can go directly to DRB for Site Plan for Building Permit. Offsite improvements have been completed. Site Development Plan for Building Permit and architect work product for 40 West is under Photos & Documents. Total of 230 units: 94 (1-bedroom units), 64 (2-bedroom units), and 72 (3-bedroom units). Appeal 16-2 was accepted by the City Council on April 4, 2016 and reversed the decision of the Environmental Planning Commission by accepting and adopting the recommendation and findings of the Land Use Hearing Officer. The Notice of Decision, Findings and Conditions are under Photos & Documents. The appeal period expired May 13, 2016 with no appeal. The Wal-Mart Neighborhood Market with a pharmacy and gas OPENED MARCH 13, 2016. There are 5 additional sites for other retail uses adjacent to the Wal-Mart. Pulte Group sales started in December 2014 for the Mirehaven Del Webb Community and the Pulte homes similar to Loma Colorado have been excellent. These projects are adjacent to the Petroglyph National Monument on Tierra Pintada west of Unser. Albuquerque Public Schools' Community Stadium is just southwest of the Mirehaven projects. Albuquerque Public Schools is on schedule to build new K-8 at the NWC of Arroyo Vista & Tierra Pintada for classes starting fall of 2018. These projects are 1.5 miles from the SEC of Unser and Ladera. |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | West Mesa |
| Taxing Authority: | Bernalillo County |
| Tax ID/APN: | 100905952600140105 |
| Zoning: | SU-2 - Special Neighborhood Zone |
| Market Type: | Large |
| Property Located Between: | Unser & Market |
| Side of Street: | East |
| Road Type: | Paved |
| Property Visibility: | Excellent |
| Legal Description: | Tract B-1 of Heritage Marketplace (Being a Replat of Tract B, Heritage Marketplace), Document # 2015079607 |
| Largest Nearby Street: | Ladera and Unser |
| Traffic/Vehicle Count: | 33,100 |
| Transportation: | Bus, Highway |
| Highway Access: | North of I-40 on Unser to SEC of Unser & Ladera. |
| Airports: | Albuquerque Sunport International Airport & Double Eagle |
| Zoning Description: | Su-2, SU-1 for Planned Office Park and Commercial, EPC Approval for Site Plan For Building Permit April 04, 2016. |
| Part of Planned Development?: | Yes |
| Development Name: | Heritage Marketplace |
| Available Utilities: | Electric, Water, Gas, Sewer, Storm Drain |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 15,893 | 90,867 | 212,400 |
| Median Age: | 30.24 | 32.67 | 33.83 |
| Households: | 5,690 | 32,432 | 76,806 |
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