Vacant Land AVAILABLE FOR SALE OR LEASE - 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: $2,000 (Monthly)
$0.40 PSF (Annual)
Lease Types: Ground Lease
Adjacent Parcels Available: Yes
Last Updated: 11/19/2017

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:

http://www.cabq.gov/council/projects/completed-projects/2010/north-4th-street-rank-iii-corridor-plan

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 North Fourth Transit Oriented
Development (NFTOD) District.
• 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.

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

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Submarket Type: Redevelopment District
Tax ID/APN: ABQ103461
Zoning: M-1 - Light Manufacturing Zone
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
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

Contact

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