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

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

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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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