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Highway 6 - Sierra Vista Multifamily Site
24.59 Acres of Residential Land Offered at $6,000,000 in Los Lunas, NM 87031
Executive Summary
On behalf of the owners, NM Apartment Advisors and Maestas Real Estate Services are pleased to present one of the largest multifamily zoned sites in the Greater Albuquerque Metro Area.
This 24.59 acre site is part of the Sierra Vista Area plan which covers a larger 272.3 acre master plan which is located just north of Cerro de Los Lunas Preserve in Los Lunas, NM. The site is adjacent one of the highest concentration of employment growth in the area with a new Amazon distribution facility, Meta/Facebook data centers, Wal-mart distribution center and a planned rail park.
Located across the main highway from the Meta/Facebook Data Centers, Wal-Mart distribution center and Amazon distribution center, this site has a captive audience of potential renters, most of whom head north to Albuquerque in the daily commute to find housing.
“The site is fully entitled and build ready. Mass grading is done, and all utilities are available at the street or stubbed into the site. All that is needed is a building permit. The Area Plan establishes the zoning criteria. It limits the height to 2 stories and the density to 400 units.”
-Owner, Sierra Vista—Los Lunas LLC
This offering is available at $6,000,000, $15,000 per unit or $5.61/sft. 10 page flyer is available for review at http://www.nmapartment.com/apt/NMAA-LosLunas-SierraVista.pdf
Qualified developers can register for additional information from the confidential document center by completing the online confidentially agreement at http://www.nmapartment.com/sierravista
You can help address the current housing shortage - our market needs over 19,000 new rental units and until we build them, we will continue to be the #1 market in the country for rent growth.
Todd Clarke CCIM CIPS
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
And
Anita Maestas
Qualifying Broker & Owner
Maestas Real Estate Services, Inc.
505-463-3565
anita@maestasrealty.com
Property Facts
| Price | $6,000,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Total Lot Size | 24.59 AC |
| No. Lots | 1 | Cross Streets | Emily Ave |
| Property Type | Land |
| Price | $6,000,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 24.59 AC |
| Cross Streets | Emily Ave |
1 Lot Available
Lot
| Price | $6,000,000 | Lot Size | 24.59 AC |
| Price Per AC | $244,002 |
| Price | $6,000,000 |
| Price Per AC | $244,002 |
| Lot Size | 24.59 AC |
Tract D-1, Legacy at Sierra Vista, Valencia County, New Mexico
Description
This 24.59 acre site is part of the Sierra Vista Area plan, which covers a larger 272.3 acre master plan which is located just north of the Cerro de Los Lunas Preserve in Los Lunas, NM. The site is adjacent one of the highest concentraration of employment groth in the area with a new Amazon distribution facility, Mega/Facebook data centers, Wal-Mart distribution center and a planned rail park.
PROPERTY TAXES
| Parcel Number | 1 006 039 107 271 000000 | Improvements Assessment | $0 |
| Land Assessment | $19,104 | Total Assessment | $19,104 |
PROPERTY TAXES
zoning
| Zoning Code | Per Area Plan (Per Area Plan) |
| Per Area Plan (Per Area Plan) |
-
Todd Clarke -
NM Apartment Advisors Inc
Learn More About Investing in Land
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Highway 6 - Sierra Vista Multifamily Site
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