Rare opportunity to own a vacant lot in the highly sought-after Old Town area, located in the Lands of Armijo. This .2154-acre property is within walking distance of shopping, restaurants, Albuquerque Little Theatre, and other local attractions. Offering endless possibilities, this blank canvas is ready for you to build your dream home. Enjoy the charm, convenience, and rich history of the area while creating a home that perfectly fits your vision. Don't miss this exceptional opportunity in a prime location.
Prime downtown Albuquerque development opportunity at 601 Aspen Ave NW. This .33-acre corner lot at 6th & Aspen is flat, cleared, and ready to build immediately. Included is a 60' x 80' (4,800 SF) prefabricated office/warehouse with 21' peak height. Fully approved plans and permits from the City of Albuquerque are already in place--start construction tomorrow. Zoned NR-LM (Non-Residential Light Manufacturing), allowing for a wide range of uses. Ideal for investors or owner-users seeking a streamlined project with strong upside and built-in equity potential upon completion. We can build for you or bring your own contractor!
Positioned in the heart of Downtown Albuquerque, this .06-acre Mixed Use lot offers a rare opportunity for flexible urban development in one of the city's most walkable and evolving districts. The MX-L designation allows for a variety of potential uses including small-scale retail, office space, residential units, or a mixed-use concept with living above workspace--ideal for investors, builders, or owner-occupants seeking a live/work footprint.Surrounded by restaurants, entertainment, transit access, and ongoing redevelopment, the property is well suited for a compact infill project that takes advantage of the energy and visibility of the downtown corridor. Utilities nearby and strong growth momentum in the area make this a strategic site with long-term upside.
A great and unique opportunity with this 0.8 acre parcel located near downtown Albuquerque. This great corner lot is rare in being both residential or commercial, with easy access to major avenues and amenities. Perfect for your modern downtown living. Definitely a prime location!
The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open
CALLING ALL DEVELOPERS...An EXCELLENT OPPORTUNITY to develop this site. MRA - OPPORTUNITY ZONED - 4TH STREET SECTOR PLAN - PRT ready. Contact April to discuss ALL OPTIONS.
Daria Derebera
Real Estate Broker in Albuquerque, NM
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