Large R-ML Lot For Sale

Vacant Land for Sale
Catylist Listing ID: 30785717
Property Subtypes: Multi-Family
Gross Land Area: 0.71 Acres
Sale Price: $399,000
Unit Price: $561,971 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 5/15/2022

Overview / Comments

Owner Financing Available. This is a perfect development opportunity on a 0.71 acre plot zoned R-ML boarding the massive Indian Cultural Center Master Plan. This attractive lot is centrally located near booming development in addition to fast access to I-40, Old Town, Sawmill Market, The Bosque and many other desirable areas. R-ML integrates the ability to build townhomes and multifamily improvements with no direct density restrictions. Surrounding multifamily properties show strong and increasing rents. Don't miss your chance to own this desirable lot in a rapidly developing area!

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Taxing Authority: Bernalillo County
Tax ID/APN: 101305945539711003
Zoning: R-ML - Residential: Multi-family Low Density
Property Visibility: Excellent
Legal Description: LOT 11 A COLEMAN ADD REPLAT SLY 70FT LOT 9 & ALL LOTS 10 & 1 1 & VACATED PO
Largest Nearby Street: Menaul
Zoning Description: The purpose of the R-ML zone district is to provide for a variety of low- to medium-density housing options. The primary land uses are townhouses and low-density multi-family buildings, as well as civic and institutional uses to serve the surrounding residential area.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,887 113,111 311,985
Median Age: 39.02 36.34 35.18
Households: 4,544 47,692 126,385
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