0 Paseo Del Norte And Woodmont AveAlbuquerque, NM 87113

For Sale
$2,174,499.95

Prime 5.87 acre retail site, high growth area.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 5.872-acre retail land parcel presents a premier development opportunity in Albuquerque's rapidly expanding Northwest quadrant. Strategically positioned between the thriving Ventana Ranch community and Volcano Vista High School, this location benefits from a substantial student population exceeding 6,500 students within close proximity, ensuring consistent high traffic and demand. The property sits within a major residential growth corridor, experiencing robust current and projected retail and mixed-use demand. Its adjacency to LaTerra's Bedrock at the Trails, a 344-unit build-to-rent development, further underscores the area's dynamic growth. The southwest corner of Paseo Del Norte and Woodmont Avenue has secured approval for a 333-unit market-rate apartment complex, adding to the future population density and retail potential. A planned signalized intersection at this key location will enhance accessibility and visibility. The property boasts excellent frontage along the major arterial Paseo Del Norte and Woodmont Avenue, with Woodmont Avenue featuring a four-lane design, double yellow lines, and dedicated bike lanes. This ensures exceptional visibility and convenient access. Utilities are readily available, with a 12-inch waterline and wet utilities already in place along Woodmont Avenue. Adding to its appeal, this property is situated within a Qualified Opportunity Zone, offering significant tax advantages for investors. The asking price is $2,174,499.95, with a land value of $8.50 per square foot. The permitted zoning is MX-L.

Highlights

  • $2,174,499.95 asking price for 5.872 acres of retail land.
  • Located in Albuquerque, NM, at Paseo Del Norte and Woodmont Avenue Northwest, in the 87113 zip code.
  • MX-L zoning.
  • Land value: $8.50/SF.
  • Premier development opportunity in Albuquerque's rapidly growing Northwest area, near Ventana Ranch and Volcano Vista High School.

Property Details for 0 Paseo Del Norte And Woodmont Ave

Property type
Other retail properties, Other land
Lot Size (sq. ft)
255,784 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.188816456993
Longitude
-106.74742378593
Paseo Del Norte And Woodmont Ave, Albuquerque, New Mexico

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
0 Paseo Del Norte And Woodmont Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message