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9525 Central Ave NW 6.2 Acres of Commercial Land Offered at $2,430,000 in Albuquerque, NM 87121
INVESTMENT HIGHLIGHTS
- NR-BP Zoned Land
- New Multi-Family & Single Family being developed in area
- Access of Volcano, but potential access off Central
- Surrounded by new Retail and Industrial development
- In Opportunity Zone (QCT) - Eligable for LIHTC
- Nearby new mega-employers (Amazon, Array Tech, Ben E Keith, etc.)
EXECUTIVE SUMMARY
This 6.2 Acre piece is part of a larger 9.1 Acre piece of NR-BP zoned land available for Sale or Lease in the heart of the West Mesa Submarket. This lot must be split/subdivided if it was sold. Ownership is also looking to potentially lease this land either to developers, or a user that can utilize a large storage yard the can benefit from the versatile zoning. Ownership would also be willing in working with a buyer. Developer on variances, zone changes, etc. to allow for more creative uses (Multi-Family, Etc.)
PROPERTY FACTS Under Contract
| Price | $2,430,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 6.20 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | NR-BP - Non Residential - Business Park | ||
| Price | $2,430,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 6.20 AC |
| Opportunity Zone |
Yes |
| Zoning | NR-BP - Non Residential - Business Park |
1 LOT AVAILABLE
Lot
| Price | $2,430,000 | Lot Size | 6.20 AC |
| Price Per AC | $391,935.48 |
| Price | $2,430,000 |
| Price Per AC | $391,935.48 |
| Lot Size | 6.20 AC |
DESCRIPTION
141 Osuna is a three tenant, retail center in the heart of the North Valley. This property is currently home to a high volume restaurant and high volume cannabis retailer. The available space is the endcap, with the prominent visibility to Osuna Rd. The owner intends to develop the western lot of the property in the future, but is currently available as overflow parking. The center has recently changed ownership, and ownership is actively renovating the property and shows pride of ownership.
PROPERTY TAXES
| Parcel Number | 1-009-057-144104-3-04-30 | Improvements Assessment | $33,951 |
| Land Assessment | $278,101 | Total Assessment | $312,052 |
PROPERTY TAXES
Parcel Number
1-009-057-144104-3-04-30
Land Assessment
$278,101
Improvements Assessment
$33,951
Total Assessment
$312,052
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9525 Central Ave NW
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