Albuquerque NM Land for Sale

ADDITIONAL INFORMATION

The current owner has prospective plans for 52 Multi-family units on the site, with surface parking. Your development could potentially have more units if you included structured parking or take advantage of the flexible zoning that includes a provision for UC-MS-PT, or Urban Centers, Main Street areas, and Premium Transit areas that allows for an additional density, parking reductions, building concept plans.The property is conveniently located directly in the heart of Albuquerque's most walkable neighborhood, full of restaurants, brew pubs, distilleries and boutique stores.The property is located 2 blocks of the Nob-Hill stop for the Albuquerque Rapid Transit, and has a walk score of 83, transit score of 45, and a ''biker's paradise'' bike score of 92.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

The 158-acre Old Tobacco Farm is located in the very northern part of Albuquerque’s Valley Farms area. A multi-year planning and re-zoning process has resulted in a Bernalillo County-approved Sector Plan for the property that allows for 450 residential housing units. Per the Sector Plan, 23 acres must be donated to the County for open space. The property is one of three things depending on the buyers wants and needs; a ready-to-go residential development project, a land bank opportunity, or an ongoing hay farm operation. The location is in the path of development and urbanization as the city of Albuquerque’s density increases in this direction. The County of Bernalillo has heartily endorsed a residential project in this location. Located off Coors Blvd near the intersection with Rio Bravo, adjacent to a new Walmart Supercenter, theatre complex, and senior living facility, the property is unique in its large size and location. The Old Tobacco Farm was once a producing tobacco farm for the smokeless tobacco industry. There were several other agricultural incarnations of the farm before it became what it is today, a highly productive alfalfa hay farm in the heart of the city with an approved Bernalillo County Sector Plan for residential development. This area has a long and storied history because of its proximity to the Rio Grande River. The farm has been in the same family for generations, and this is the first time it has been offered for sale in this configuration. For the right buyer, this property provides the opportunity to develop a significant residential housing project asap or h old the property for future appreciation. This property may be purchased in several different configurations. A separate designated 40 acre parcel. The entire parcel west of the Arenal with county-approved development plan. Purchase 23 acres east of the Arenal separately.