Catylist ID:
#7066763
OPPORTUNITY ZONE LAND FOR SALE OR LEASE
Vacant Land
for Sale
| Catylist Listing ID: | 7066763 |
| Property Subtypes: | Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other |
| Gross Land Area: | 59,677 SF |
| Sale Price: | $18 - 20 PSF |
| Total Price: | $1,074,189 - 1,193,544 |
| In Opportunity Zone? | Yes |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit, Other |
| Last Updated: | 5/15/2020 |
Overview / Comments
|
• OPPORTUNITY ZONE - 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 • LAND LEASE OPTION AVAILABLE - CALL APRIL TO DISCUSS ALL OPTIONS BRING ALL OFFERS • OPPORTUNITY ZONE * • 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 • DRIVE THROUGH OPTION available - see permissive use link via City of ABQ |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | Downtown |
| Submarket Type: | Redevelopment District |
| Tax ID/APN: | ABQ103512 |
| Zoning: | MX-M - Mixed-use: Moderate Intensity |
| Property Located Between: | I-40 and Lomas Blvd NW |
| Road Type: | Paved |
| Property Visibility: | Excellent |
| Legal Description: | Lts 1 Thru 14 Blk 1 Franciscan Addn |
| Largest Nearby Street: | 4th street NW - just south of interstate I-40 |
| Transportation: | Bus |
| Highway Access: | Interstate I-25 and I-40 |
| Airports: | Albuquerque 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: | UNDER SERVED URBAN INFILL NEIGHBORHOOD - SEE 4TH STREET SECTOR PLAN - EPA APPROVED ENHANCEMENTS WITH ZONING OVER LAY OPPORTUNITIES - CALL APRIL TO DISCUSS ALL OPTIONS * OPPORTUNITY ZONE * I-40 CPD: +/- 200,600 CPD I-25 CPD: +/- 198,700 CPD |
| Zoning Description: | UNDER SERVED URBAN INFILL NEIGHBORHOOD - SEE 4TH STREET SECTOR PLAN - EPA APPROVED ENHANCEMENTS WITH ZONING OVER LAY OPPORTUNITIES - CALL APRIL TO DISCUSS ALL OPTIONS |
| Development Name: | 4TH STREET SECTOR PLAN - REDEVELOPMENT DISTRICT |
| Topography: | Level |
| Soil Type: | Mixed |
| Available Utilities: | Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access, Other |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,251 | 113,882 | 317,496 |
| Median Age: | 35.49 | 36.24 | 35.81 |
| Households: | 6,090 | 49,027 | 131,168 |
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