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Northern Blvd. Commercial Land

CARNM #30476653

Property Subtypes: Hospitality, Office, Retail, Self Storage
Gross Land Area: 2.50 Acres
Sale Price: $321,255
Unit Price: $128,502 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/22/2019

Overview / Comments

2.5 contiguous acres with 544′ of frontage on Northern Blvd. located between Broadmoor and Loma Colorado. This is 5 individual legal descriptions being sold as one package. All lots are Zoned C-1. Water and sewer is in street but Buyer must confirm availability. This location is in the path of some huge growth in Unit 13. New subdivisions are under development within a mile of subject property with hundreds of new homes getting built. Great access to Downtown and PDV. Traffic counts continue to rise. Great opportunity to build a 25,000 sq.ft Center. Priced at only $2.95 sqft.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Property Located Between: Broadmoor & Loma Colorado
Property Visibility: Excellent
Legal Description: Lots 14-18 Block 112 Unit 13 Rio Rancho Estates
Feet of Frontage: 544
Lot Frontage: 544
Lot Depth: 160-240
Zoning Description: C-1
Topography: Gently Sloping
Water Service: Municipal
Sewer Type: Municipal

MICHAEL SKOLNICK
Qualifying Broker/Co-Owner

(505) 239-8833

JOYCE HADEN
Associate Broker

(505) 259-8988

JOHN RENKEN
Associate Broker/Co-Owner

(505) 239-9738