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OPPORTUNITY ZONE DEVELOPMENT 1916 4th St 1.21 Acres of Commercial Land for Lease in Albuquerque, NM 87102
Highlights
- CENTRALLY located to both major highways, I-25 and I-40 aka "The Big I". SEC exposure from 4th street AND 3rd street NW
LOT Available
Display Rental Rate as
| Rental Rate |
|
Lot Size | 1.21 AC |
| Lease Term | Negotiable |
| Rental Rate | |
| Lease Term | Negotiable |
| Lot Size | 1.21 AC |
• 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 - pending project details • Form-Based Zoning Overlay to allow for High Density & Additional Uses. • Possible Uses Include: Medical/Urgent Care/Physical/Occupational Therapies/Kidney Dialysis, Mixed-Use, Retail, Hospitality, and more. • Drive-Thru Availability • The City of Albuquerque Metropolitan Redevelopment Agency, MRWM Landscape Architects, and Wilson & Company Engineers are pleased to release the Albuquerque Rail Trail Framework Plan as of March 15, 2022.
Property Overview
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: +/- 250,000 vehicles per day • 4th St CPD: +/- 9,500 vehicles per day • The City of Albuquerque Metropolitan Redevelopment Agency, MRWM Landscape Architects, and Wilson & Company Engineers are pleased to release the Albuquerque Rail Trail Framework Plan as of March 15, 2022. VISION: The Albuquerque Rail Trail will transform Downtown's rail corridor into a vibrant and artistic urban trail that creates opportunities for economic development, healthy recreation, and cultural expression. The Trail will connect the diverse communities it travels through and build bridges across those that have been disconnected. Following an ancient path created by footsteps and expanded over centuries by the wheel, the Rail Trail is the next expression of this essential trade route, embracing a resilient future for Downtown Albuquerque. https://www.cabq.gov/mra/rail-trail?fbclid=lwAR1TMnyFgW9s3ld_mRT8p_b10-oo0FZmHfTi55SRJnddFNmEv_zkXhC38Kg
Property Facts
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OPPORTUNITY ZONE DEVELOPMENT | 1916 4th St
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