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Paseo Del Norte NW - Self-Storage Entitled Land Paseo del Norte Blvd NW 5.87 Acres of Commercial Land in Albuquerque, NM 87114
INVESTMENT HIGHLIGHTS
- Strong Demand & Limited Supply: Current competitors are running at 96% capacity.
- Proven Resilience: Self-storage has become one of the most recession-resistant sectors in real estate, consistently producing stable cash flow.
- Federal and Local Financial Incentives.
- Explosive Residential Growth: Over 2,000 new homes and rental units planned or under construction nearby, driving up demand.
- Revenue Opportunities: Developers have the flexibility to design facilities that capture premium rents.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 5.87 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | SU-2 - special neighborhood zone, allows both residential and nonresidential uses | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 5.87 AC |
| Opportunity Zone |
Yes |
| Zoning | SU-2 - special neighborhood zone, allows both residential and nonresidential uses |
1 LOT AVAILABLE
Lot
| Lot Size | 5.87 AC |
| Lot Size | 5.87 AC |
For investors or developers seeking a turnkey development site in Albuquerque’s fastest-growing corridor, Paseo del Norte & Woodmont Ave checks every box: prime location, strong demographics, entitlement certainty, and long-term demand drivers.
DESCRIPTION
The parcel at the southeast corner of Paseo del Norte & Woodmont Ave is a prime 5.87± acre development site ready to deliver one of the most in-demand real estate products in today’s market — self-storage. Located at the highly visible intersection, this parcel offers a rare combination of location, entitlement certainty, and investment upside that buyers and developers are looking for. This property is already fully entitled with a Conditional Use Permit (CUP) approved by the Zoning Hearing Examiner (ZHE) and a Site Plan Approval from the DFT (Development Facilitation Team) for self-storage development, saving valuable time and removing entitlement risk. In addition, it sits within a federal Qualified Opportunity Zone, providing buyers with significant tax incentives — including deferral, reduction, or even elimination of capital gains tax liability with a long-term hold.
PROPERTY TAXES
| Parcel Number | 1-008-064-500494-1-03-01 | Improvements Assessment | $0 |
| Land Assessment | $9,799 | Total Assessment | $9,799 |
PROPERTY TAXES
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Paseo Del Norte NW - Self-Storage Entitled Land Paseo del Norte Blvd NW
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