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- LoopNet Team
4204 Lead Ave SE
Albuquerque, NM 87108
Large Tract in Nob Hill · Land For Sale
·
0.41 AC
INVESTMENT HIGHLIGHTS
- Largest available lot for development in Nob Hill
- Size: 0.41 Acres (Post Replat)
- Current Plan shows Potential for 20 TownHomes on site
- Property undergoing replat
- Existing Buildings: 4,500 SF
- Existing buildings require tenant improvements, capital improvements (HVAC, electrical, roofing, etc.) but are in relatively good condition.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 0.41 AC |
| Zoning | MX-L - MX-L | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.41 AC |
| Zoning | MX-L - MX-L |
DESCRIPTION
The site serves as a landmark gateway to one of Albuquerque's most renowned and dynamic neighborhoods. As traffic continues to increase on the Lead/Coal thoroughfare, and demand for Multi-Family property remains extremely high in the Albuquerque MSA, and Nob Hill alike, this site is perfectly located and zoned for high density housing. There are currently 3 Buildings comprised of roughly 4,500 SF sitting on the entire site. The site is comprised of 5 independent plats, current owner is currently undergoing a replat to combine all sites, and city to vacate their existing alley/easement. Property will require some infrastructure improvements such as demolition and moving of existing gas line. Upon replat, this will be one of the largest pieces of available land to develop in the Nob Hill Submarket.
