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11000-11352 Central Ave SW - West Central Development 4.4 Acres of Industrial Land Offered at $622,500 in Albuquerque, NM 87121
INVESTMENT HIGHLIGHTS
- Growing Trade Area
- Convenient to Shopping
- Located on Historic Route 66 (Central Ave)
- Easy access to I-40
- Located just west of 98th & Central
- C-LI Zoning
EXECUTIVE SUMMARY
The property is just west of the intersection of Central & 98th Street which has seen tremendous growth in the past few years. Recently, several large parcels in the trade area have sold to developers and several new retail projects have been developed.
Some of the nearby business include the City of Albuquerque Animal Welfare department and the Fire Academy.
PROPERTY FACTS
| Price | $622,500 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 4.40 AC |
| Property Type | Land | ||
| Zoning | MX-M - Mixed Use - Moderate Intensity | ||
| Price | $622,500 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Commercial |
| Total Lot Size | 4.40 AC |
| Zoning | MX-M - Mixed Use - Moderate Intensity |
1 LOT AVAILABLE
Lot
| Price | $622,500 | Lot Size | 4.40 AC |
| Price Per AC | $141,477.27 |
| Price | $622,500 |
| Price Per AC | $141,477.27 |
| Lot Size | 4.40 AC |
If buyer wishes to buy 8.8 acres, sale price goes up to $1,245,000.
DESCRIPTION
The Property is comprised of 2 separate parcels of approximately 4.4 acres each. The property fronts Central Avenue and Sunset Gardens Rd (undeveloped Road). The property is just west of the intersection of Central & 98th Street which has seen tremendous growth in the past few years. Recently, several large parcels in the trade area have sold to developers and several new retail projects have been developed. Some of the nearby business include the City of Albuquerque Animal Welfare department and Fire Academy. This property is offered for sale at a low $3.25/SF and could potentially be developed now or could be held as an investment. Current Zoning is MX-M, Mixed Use Moderate Intensity.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $27,038 | Total Assessment | $27,038 |
PROPERTY TAXES
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11000-11352 Central Ave SW - West Central Development
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