Industrial Zone Land for Sale

Vacant Land for Sale
Catylist Listing ID: 29836331
Property Subtypes: Industrial, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 9.11 Acres
Sale Price: $1,500,000
Unit Price: $164,654 Per Acre
In Opportunity Zone? Yes
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/29/2020

Overview / Comments

The property is located at 98th Street & Central Ave., one of the primary intersections of Albuquerque’s growing South West Mesa trade area. Being located on Central Avenue and just south of I40, the Property is easily accessible to all areas of the city. The South West Mesa trade area of Albuquerque is in the path of growth and is home to a large residential population, growing number of retailers and restaurants and a multitude of industrial businesses. The property’s location, ease of access and proximity to major arterials makes it the ideal site for any number of industrial uses.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Tax ID/APN: ABQ155096
Zoning: NR-BP - Non-residential: Business Park
Property Located Between: Central & 98th Street
Side of Street: East
Road Type: Paved, Gravel
Property Visibility: Good
Legal Description: PORT LT 27 BLK 9 ORIGINAL TOWNSITE OF WESTLAND ATRISCOGRANT CONT 9.1093 AC
Largest Nearby Street: Central & 98th
Transportation: Bus, Taxi
Area Description: Positioned on the major arterial to the signalized intersection of Central Ave. and 98th trade area, which includes a centrally located multi-tenant shopping center in one of the fastest growing areas in Albuquerque. Current area tenants include, McDonald’s, Auto Zone, Mesquite Market, Valero, a Microtel by Wyndham, and Rout 66 Self Storage. Building ±3,200 SF with drive in bay door, drainage and ±16Ft high ceilings. Previously used as a maintenance shop for Industrial Harvester. Strong fast food and convenience store location with utilities to the site and a signalized intersection.
Lot Frontage: ±295.08
Lot Depth: ±829
Zoning Description: NR-BP
Topography: Level
Easements: Other
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,483 104,850 176,191
Median Age: 27.14 29.86 32.68
Households: 3,526 33,757 62,065

Contact

Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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