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1916 4th St - OPPORTUNITY ZONE DEVELOPMENT 1.21 Acres of Commercial Land Offered at $1,200,000 in Albuquerque, NM 87102
INVESTMENT HIGHLIGHTS
- MRA - METROPOLITAN REDEVELOPMENT AREA
- Located in central Albuquerque, close to downtown, Interstate 40 & 25 without congestion from major medical center.
- City of ABQ - Rail Trail
- Form-based zoning overlay to allow for high density & additional uses.
- Property has drive thru availability.
EXECUTIVE SUMMARY
Conveniently located to both interstates I-25 and I-40, Located near ALL MAJOR Hospitals and the Downtown Central Business District. • strategically located at the SE corner of Fourth st and McKnight, this property is ready for SEVERAL redevelopment opportunities.
LOCATION: Parcel is located in a Metropolitan Redevelopment Area of the City of Albuquerque in an effort to encourage urban infill 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. Property is part of the North 4th Sector Plan.
POSSIBLE USES Include: Medical/Urgent Care/Physical/Occupational Therapies/Kidney Dialysis, Mixed-Use, Retail, Hospitality, and more. Drive-Thru Availability Conveniently • UNM & CNM • Old Town, Galleries & Museums • Pueblo Cultural Center & Indian School Redevelopment • Downtown Central Business & Courthouse Districts - FEDERAL - DISTRICT - METRO. and the Albuquerque International Airport. Property is fronted by 4th Street, McKnight, and 3rd Street NW, with possible access from ALL three streets • Located in central Albuquerque, close to downtown, Interstate 40 & 25 without congestion from major medical centers • 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. See the interactive links attached.
FOR SALE OR GROUND LEASE BRING ALL OFFERS FOR IMMEDIATE CONSIDERATION
OPPORTUNITY ZONE
MRA - METROPOLITAN REDEVELOPMENT AREA
ELECTRIC CAR STATION OPTIONS - SEE LINK BELOW FOR DETAILS
https://www.santafenewmexican.com/news/local_news/new-mexico-tries-to-jump-start-electric-vehicle-infrastructure-ahead-of-new-car-rule/article_6576931c-b48e-11ee-8e87-efe1701e63e7.html
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,200,000 | Lot Size | 1.21 AC |
| Price Per AC | $995,695.28 |
| Price | $1,200,000 |
| Price Per AC | $995,695.28 |
| Lot Size | 1.21 AC |
CALLING ALL DEVELOPERS... PRIME LOCATION in the Wells Park Neighborhood association. SEC or 4th street and McKnight NW offering 1.2 acres +/- of DEVELOPMENT OPTIONS & OPPORTUNITY. CONTACT APRIL today to discuss all options and let's build something
DESCRIPTION
This parcel is located in a Metropolitan redevelopment area. In an effort to encourage urban in-fill development and affordable housing, the city of Albuquerque has approved multi-story MUH and mixed use developments. The city will also expedite approval process for developers. Possible uses for this property include: Medical/Urgent Care/Physical/Occupational Therapies/Kidney Dialysis/Mixed Use/Retail/Hospitality/ and more. Located by 4th Street, McKnight, and 3rd Street with possible access from these three streets. The City of Albuquerque's Metropolitan Redevelopment Agency, MRWM Landscaper 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
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1916 4th St - OPPORTUNITY ZONE DEVELOPMENT
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