5 Acres - Unser Blvd & Paseo Del Norte blvd - RESIDENTIAL AND MIXED USE DEVELOPMENT LAND 4.99 Acres of Commercial Land Offered at $800,000 in Albuquerque, NM 87114

This 5 Acre property is strategically located .75 Miles away from Paseo Del Norte & Unser, both major bloodlines to take around 16,600 VPD North/South & 17,200 VPD East/West between Albuquerque & Rio Rancho. The West Mesa Area is experiencing 3% Retail Vacancy & 0.8% Office Vacancy. Positioned right in the middle of the desirable Volcano Heights Development, various retailers & tech companies in the area that are already in business are Smiths, Walmart Neighborhood, Walgreens, Dollar Tree, Amazon, Intel, Tempurpedic, Shamrock Foods & Presbyterian. The Westside of Albuquerque, with 39% of the Albuquerque Metro Population, is one of the highest employment and income areas in the Albuquerque/Rio Rancho Metro Areas. Volcano Heights Development is situated in Albuquerque's sought-after Northwest quadrant. Volcano Heights has obtained approval for multiple mixed use development. Within prime intersections, its favorable demographics, a central metro location, and stunning views, this land opportunity is the perfect starting point for Albuquerque's upcoming mixed-use development. Perfect opportunity to capitalize and develop an area with low vacancy for all asset classes.
Investment Highlights:
Zoning - MX-M & MX-T
3.0% Retail Vacancy Rate
0.8% Office Vacancy Rate
.75 Miles away from Paseo & Unser
17,200 VPD - Traffic Counts Going East & West - Paseo del Norte NW & Golf Course Rd NW - 0.81 miles away
16,600 VPD - Traffic Counts Going North & South - Unser Blvd NW & Blue Feather Ave NW - 0.42 miles away
Nearby Retailers - Smiths, Walmart Neighborhood, Walgreens, Dollar Tree
Nearby Industrial/ Office/ Tech Companies - Amazon, Intel, Tempurpedic, Shamrock Foods, Presbyterian
Ave HH income w/ 3 Miles - $109,121
Total Population w/ 3 Miles - 83,464
39% of the Albuquerque Metro lives west of the Rio Grande and is continuously growing.
The Westside of Albuquerque is one of the highest employment and income areas in the Albuquerque/Rio Rancho Metro Areas.
Development Ready Land
Spectacular Views