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4501 Central Ave NE - The Sixty-Six
1.61 Acres of Commercial Land in Albuquerque, NM 87108
Investment Highlights
- A +/- 1.61-Acre Multifamily Development Opportunity in Albuquerque, New Mexico
- Approved 7 Year Tax Abatement
- In Close Proximity to UNM, Historic Nob Hill Neighborhood, & UNM Hospital!
- 96-Unit Class A Fully Entitled and Shovel Ready!
- Conveniently Located at the Northeast Corner of the Intersection of Adams Street NE and Central Avenue NE/Route 66
Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 1.61 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.61 AC |
1 Lot Available
Lot
| Lot Size | 1.61 AC |
| Lot Size | 1.61 AC |
Description
Northmarq is pleased to present The Sixty-Six Development Site, a Fully Entitled and Shovel Ready +/- 1.61-acre Multifamily Development Site in Albuquerque, New Mexico. The Site is located in Bernalillo County, the most populous county in New Mexico. The Sixty-Six Development Site sits at the Northeast corner of the intersection of Adams Street NE and Central Avenue NE, which runs in tandem with U.S. Route 66. The Site is conveniently located with direct access to Route 66, allowing for connection to the entire MSA. The Site is currently programmed for a 3 story, 96-unit multifamily building (sample programming, subject to change). The Sixty-Six Development Site allows a developer to strategically capitalize on the increased need for housing in New Mexico’s most vibrant MSA. The Sixty-Six Development Site offers a developer a unique opportunity to implement a 7-year tax abatement that can be put in place upon closing.
PROPERTY TAXES
| Parcel Number | 1-017-057-311239-4-32-09 | Improvements Assessment | $0 |
| Land Assessment | $83,492 | Total Assessment | $83,492 |
PROPERTY TAXES
zoning
| Zoning Code | MX-M |
| MX-M |
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Scott LaMontagne -
Diane Sogal -
Chase Gardner -
Nico Ramirez -
Northmarq
Presented by
4501 Central Ave NE - The Sixty-Six
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