MULTI-PURPOSE INCOME-PRODUCING NEAR SIGNIFICANT DEVELOPMENT
Also listed as Industrial
|Catylist Listing ID:
|Gross Land Area:
1.60 - 2.03 Acres
||Cash to Seller, Owner Financing
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
||NR-GM - Non-residential: General Manufacturing
|Largest Nearby Street:
||Broadway, Interstate 25.
||The property is located strategically just north of Rio Bravo Blvd, just west of Interstate 25.
||Albuquerque International Sunport
||Mostly industrial, light manufacturing, etc.
||See Property Description
||Electric, Water, Gas, Sewer
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