West Central Development Land Near Central and 98th For Sale

Vacant Land for Sale
Catylist Listing ID: 30164847
Property Subtypes: Industrial, Mobile Home Park, Multi-Family, Retail, Self Storage, Other
Gross Land Area: 8.80 Acres
Sale Price: $1,245,000
Unit Price: $141,477 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/11/2019

Overview / Comments

The Property is comprised of 2 separate parcels of approximately 4.4 acres each. Which can be sold separately. The property fronts Central Avenue and Sunset Gardens Rd (undeveloped Road).

The property is just west of the intersection of Central & 98th Street which has seen tremendous growth in the past few years. Recently, several large parcels in the trade area have sold to developers and several new retail projects have been developed.

Some of the nearby business include the City of Albuquerque Animal Welfare department and the Fire Academy.

This property is offered for sale at a low $2.75/SF and could potentially be developed now or could be held as an investment.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: South Valley
Tax ID/APN: 4479
Zoning: MX-M - Mixed-use: Moderate Intensity
Property Visibility: Excellent
Largest Nearby Street: Central and 98th
Zoning Description: MX-M - Mixed Use Moderate Intensity

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,147 88,490 157,312
Median Age: 27.9 28.59 31.89
Households: 2,185 27,883 53,538

Contact

Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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