I-40 & Atrisco Vista Highway Commercial Pending

Vacant Land for Sale
I-40 & Atrisco Vista Highway Commercial Pending
Catylist Listing ID: 30439394
Property Subtypes: Retail
Gross Land Area: 5.77 Acres
Sale Price: $2,265,000
Unit Price: $392,547 Per Acre
In Opportunity Zone? Yes
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/11/2019

Overview / Comments

The property is on Cordero Mesa west of Albuquerque and east of FEDEX, Shamrock Foods and Tempur-Pedic with excellent frontage on Atrisco Vista Blvd and I-40 Interchange. Other companies in the area include Albuquerque Freightliner, La Mesa RV, Quality Trailer, Camper World RV Sales and Enchanted Trails RV Park and Trading Post.

Opportunity Zone tax benefits for individual situations should be reviewed by an accountant.

Bernalillo County Land Use and Zoning Plan can be found in the Westland Master Plan at the following Dropbox link - https://www.dropbox.com/s/pol6w7nwm78fqt2/Master Plan Update_042717_clean.pdf?dl=0 . Bernalillo County Westland Sector Development Plan is being amended and zoning will be SD-W-C-2 (Highway Commercial)

Albuquerque offers a climate with few natural disasters and a great year round four season climate for outdoor sports and recreation. See "Southwest The Magazine" article on Albuquerque under Photos & Documents.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Submarket Type: Foreign Trade Zone
Taxing Authority: Bernalliio County
Tax ID/APN: 100605648442210507, 100605637233710106, 100605629633010102, 100605628532910101, 100605635133410105, 100605630833110103, 100605633133210104
Zoning: C-2 - Community Commercial Zone
Property Located Between: Interstate 40 and Bluewater
Property Visibility: Excellent
Legal Description: Tracts 64 thru 70 Plat of Upper Petroglyphs Tracts 1 thru 70, as same is shown and designated on the plat thereof, filed in the Ofice of the County Clerk of Bernalillo County, New Mexico on May 24, 2018, in Plat Book 2018C, Document 2018045212.
Largest Nearby Street: Interstate 40
Highway Access: Located on Atrisco Vista Blvd with Interstate 40 access 1.2 miles south.
Airports: Albuquerque International Sunport - 15.5 Miles; Double Eagle II Airport - 6.7 Miles
Site Description: Utilities listed below are available but not extended to site. Detailed discussion will be provided to users by owners civil engineers. All offsite and onsite costs are the responsibility of Buyer. Only conceptual engineering created exhibits and Buyer will be responsible for engineering, zoning, platting, and any other governmental approvals necessary for Buyer's use. Seller does not have a Phase 1 or any geotechnical data which is the Buyers cost.
Lot Frontage: Tract 64 thru 70 details in plat under Photos & Documents
Lot Depth: Tracts 64 thru 70 details in plat under Photos & Documents
Zoning Description: Bernalillo County zoning is SD-W-M-1 (Industrial Park Zone) and is detailed in the Westland Master Plan available at the following Dropbox link. https://www.dropbox.com/s/pol6w7nwm78fqt2/Master%20Plan%20Update_042717_clean.pdf?dl=0. I refer you to pages 39 and 149 for definitions and exhibit of Land Use/Zoning Plan.
Development Name: Westland Master Plan
Topography: Gently Sloping
Easements: Utilities
Easements Description: See Plat
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 43,059 113,464
Median Age: 28.5 29.7
Households: 13,262 37,146
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