OPPORTUNITY ZONE DEVELOPMENT OPPORTUNITY

Vacant Land for Lease
Catylist Listing ID: 28288451
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 59,677 SF
Lease Rate: $2,500 (Monthly)
$0.50 PSF (Annual)
Lease Types: Ground Lease
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Last Updated: 4/27/2020

Overview / Comments

• Conveniently located to both interstates, hospitals, and the Downtown Central Business District.

• Located at the SE corner of Fourth st and McKnight, this property is ready for redevelopment opportunities!

• Property is part of North 4th Sector Plan.

• See link to view PDF of entire plan:
Area & Sector Plans Page

• To see uses of MX-M Zoning, visit:
http://documents.cabq.gov/planning/agis/IDO/UseTables/AllowableUses-MX-M.pdf

• JOINT VENTURE WELCOME, OWNER FINANCING AVAILABLE TO QUALIFIED BUYER.

• LAND LEASE OPTION OR BUILD TO SUIT OPTION AVAILABLE.

• BRING ALL OFFERS!DEVELOPERS DREAM!

• Hub Zone Qualified

• Parcel is located in a Metropolitan Redevelopment Area

• City of Albuquerque, in an effort to encourage urban in-fill
development and affordable housing, has approved multi-story
MUH and mixed use developments and will expedite
approval process for developers.

• MRA - No Impact Fees!

• Form-Based Zoning Overlay to allow for High Density & Additional Uses.

• Sector Plan Approved by EPC, to allow for Fast-Track Permitting.

• Possible Uses Include: Medical/Urgent Care/Physical/Occupational
Therapies/Kidney Dialysis, Mixed-Use, Retail, Hospitality, and more.

• Drive-Thru Availability

Conveniently Located near:
• I-25 and I-40

• Hospitals

• UNM & CNM

• Old Town, Galleries & Museums

• Pueblo Cultural Center & Indian School Redevelopment

• Downtown Central Business & Courthouse District

• Property fronted by 4th Street, McKnight, and 3rd Street with possible access from these three streets

• Located in central Albuquerque, close to downtown, Interstate 40 & 25 without congestion from major medical centers

• I-40 CPD: +/- 200,600

• I-25 CPD: +/- 198,700

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Submarket Type: Redevelopment District
Tax ID/APN: ABQ103461
Zoning: MX-M - Mixed-use: Moderate Intensity
Property Located Between: I-40 and Lomas Blvd NW
Property Visibility: Excellent
Largest Nearby Street: I-40 and I-25, just North of Lomas NW
Highway Access: EASY ACCESS TO BOTH I-40 AND I-25 FREEWAYS THE BIG I - INTERSTATE
Airports: ABQ INTERNATIONAL AIRPORT
Site Description: Conveniently located to both interstates, hospitals, and the Downtown Central Business District.Located at the SE corner of Fourth st and McKnight, this property is ready for redevelopment opportunities!
Area Description: READY FOR DEVELOPMENT BRING OFFERS - CITY NEEDS URBAN INFILL AVAILABLE FOR SALE or LEASE I-40 CPD: +/- 200,600 CPD I-25 CPD: +/- 198,700 CPD
Zoning Description: M-1 with lots of options, see 4TH STREET SECTOR PLAN - ALREADY APPROVED BY EPC and city of ABQ is open to incentives!
Development Name: URBAN INFILL OPPORTUNITY
Topography: Level
Easements: Utilities
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access, Other
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,251 114,801 320,385
Median Age: 35.49 36.23 35.75
Households: 6,090 49,361 132,047

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.