Far NE Heights Industrial/Retail Land

Vacant Land for Sale
Catylist Listing ID: 30779862
Property Subtypes: Industrial, Retail, Retail-Pad, Other
Gross Land Area: 0.73 Acres
Sale Price: $726,563
Unit Price: $995,291 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/21/2021

Overview / Comments

PROPERTY OVERVIEW
The southeast corner of San Pedro and Signal is a 3/4 acre of undeveloped land with unbelievable potential given the current lack of inventory, the demand for industrial and retail land and the variable zoning that is associated with this piece of property. This corner is surrounded by new, dense development and lends itself to a multitude of industrial and retail uses within Albuquerque’s highest income levels. Whether looking as an owner/user or an investor, this parcel has the location, visibility and potential for growth not often found on the market.
LOCATION OVERVIEW
Albuquerque’s Far NE Submarket features the highest income levels in one concentrated area with very few undeveloped land opportunities still available. This site is perfectly placed with quick access to I-25 and is surrounded by a mix of industrial buildings and is around the corner from Tin Can Alley and Stone Age Climbing Gym. Alameda Blvd has seen a large uptick in activity from newly constructed luxury apartments and corresponding retail amenities, which allows this site to be one of the few options to capitalize on that growth.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: 101806427230110675
Zoning: NR-BP - Non-residential: Business Park
Property Visibility: Excellent
Feet of Frontage: 233
Traffic/Vehicle Count: 29,718

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,630 70,437 207,653
Median Age: 38.48 41.63 41.38
Households: 4,376 30,216 90,813

Contact

Photograph of Listing Agent

Austin Tidwell

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Daniel Kearney

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Robert Powell, CCIM

RESOLUT RE CARNM CIE Member
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