Catylist ID:
#28288451
OPPORTUNITY ZONE DEVELOPMENT OPPORTUNITY
Vacant Land
for Lease
| Catylist Listing ID: | 28288451 |
| Property Subtypes: | Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other |
| Gross Land Area: | 59,677 SF |
| Lease Rate: |
$2,500 - 3,000 (Monthly) $0.50 - 0.60 PSF (Annual) |
| Lease Types: | Ground Lease, Other |
| In Opportunity Zone? | Yes |
| Adjacent Parcels Available: | Yes |
| Last Updated: | 7/19/2021 |
Overview / Comments
|
• 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 TO QUALIFIED BUYER. • LAND LEASE OPTION OR BUILD TO SUIT OPTION AVAILABLE. • BRING ALL OFFERS!DEVELOPERS DREAM! • Hub Zone Qualified • 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 • I-40 CPD: +/- 156,600 • 4th St CPD: +/- 11,400 • 2nd St CPD: +/- 12,800 |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | Downtown |
| Submarket Type: | Redevelopment District |
| Tax ID/APN: | ABQ103461 |
| Zoning: | MX-M - Mixed-use: Moderate Intensity |
| Property Located Between: | I-40 and Lomas Blvd NW |
| Property Visibility: | Excellent |
| Largest Nearby Street: | I-40 and I-25, just North of Lomas NW |
| Highway Access: | EASY ACCESS TO BOTH I-40 AND I-25 FREEWAYS THE BIG I - INTERSTATE |
| Airports: | ABQ 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: | READY FOR DEVELOPMENT BRING OFFERS - CITY NEEDS URBAN INFILL AVAILABLE FOR SALE or LEASE I-40 CPD: +/- 200,600 CPD I-25 CPD: +/- 198,700 CPD |
| Zoning Description: | M-1 with lots of options, see 4TH STREET SECTOR PLAN - ALREADY APPROVED BY EPC and city of ABQ is open to incentives! |
| Development Name: | URBAN INFILL OPPORTUNITY |
| Topography: | Level |
| Easements: | Utilities |
| Available Utilities: | Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access, Other |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,251 | 114,801 | 320,385 |
| Median Age: | 35.49 | 36.23 | 35.75 |
| Households: | 6,090 | 49,361 | 132,047 |
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