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9525 Central Ave NW

6.2 Acres of Commercial Land Offered at £1,901,354 in Albuquerque, NM 87121

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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.)

RES Versatile Large Tract in Developing Area

Property Facts

Price	£1,901,354	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial
No. Lots	1	Total Lot Size	6.20 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,901,354
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial
Total Lot Size	6.20 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	£1,901,354	Lot Size	6.20 AC
Price Per AC	£306,670

Price	£1,901,354
Price Per AC	£306,670
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	£26,565
Land Assessment	£217,600	Total Assessment	£244,165

PROPERTY TAXES

Parcel Number

1-009-057-144104-3-04-30

Land Assessment

£217,600

Improvements Assessment

£26,565

Total Assessment

£244,165

zoning

Zoning Code	NR-BP (Non Residential - Business Park)
NR-BP (Non Residential - Business Park)

(505) 720-7089

Contacts

Daniel Kearney
Austin Tidwell
RESOLUT RE
RESOLUT RE

Listing ID: 31844716
Date on Market: 17/05/2024
Last Updated:
Address: 9525 Central Ave NW, Albuquerque, NM 87121

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