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Listed by Berkshire Hathaway NM Prop
$ 1,250,000
Est. payment | /mo
6.59 Acres Lot
$ 1,250,000
Est. payment | /mo
6.59 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1109417
HOA Y/N No
Annual Tax Amount $177
Lot Size 6.590 Acres
Acres 6.59
Lot Dimensions Public Records
Property Description
+/-6.59 contiguous acres on Coors Boulevard offered at $4.35 per square foot -- +/-287,148 total square feet across a +/-6.25-acre body and a +/-0.34-acre frontage tract with 154 feet of frontage on Coors, delivered together as one assemblage. Gas, water, sewer and electricity are already piped in and connected from the existing improvement, with established ingress/egress at the east property line, absorbing the horizontal cost and utility timeline that stall comparable land along this corridor.Both tracts are zoned SC-AC -- the South Coors Boulevard Activity Center -- the highest-density mixed-use designation in the Sector Development Plan, applied at only four intersections along the entire corridor: Sage, Blake, Arenal and Rio Bravo. The zone carries no minimum lot area, no minimum lot width, and no required front setback for structures with ground-floor commercial, with building heights permitted to 54 feet and four stories. Development standards are unusually efficient: multifamily parking is required at just 1.5 spaces per unit and retail at 2.5 spaces per 1,000 square feet, with a 20 percent shared-parking reduction available across mixed uses and electric vehicle charging stations counting as two spaces each.Five distinct development paths are supported. Residential is permitted at 25 dwelling units per acre by right and up to 50 conditionally -- a yield of +/-164 to +/-329 units, or a land basis of $7,622 down to $3,799 per door, with on-site usable open space required at only 100 square feet per unit. Retail, quick-service and convenience benefit from a signalized intersection at Coors and Arenal carrying 25,852 vehicles per day, with 24,084 passing the frontage itself, and drive-thru facilities, grocery, drugstore, hardware, service station and car wash all permissive -- the frontage tract sized for a single high-exposure pad ahead of the balance. Healthcare is by right -- medical clinic, dental and medical laboratory, physical therapy, prescription and supply, day care and nursing facility -- serving 26,704 education and health services employees within five miles. Hospitality and entertainment are permissive rather than conditional, including hotel, motel, theater, indoor amusement and restaurants serving beer, wine and spirits under restaurant, small brewer, winegrower or craft distiller licenses. Owner-users and light production may build fully enclosed light manufacturing or food processing to 10,000 square feet, commissary with incidental vehicle storage, cannabis uses, delivery service, health gymnasium, or automotive and small-engine repair.The trade area holds 188,808 residents, 69,896 households and 88,589 daytime employees across 9,329 businesses within five miles, generating $2 billion in annual consumer spending -- $486.8 million of it inside two miles alone. Frontage sits on Coors Boulevard, a designated Major Transit Corridor served by ABQ RIDE Route 155, within four miles of I-40 and minutes from the Bridge Boulevard river crossing, framed by Sandia Mountain views on a contiguous assemblage of a size that rarely reaches this market.
Location
State NM
County Bernalillo
Area 92 - Southwest Heights
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
Water Access Desc Public
Present Use Commercial
Building
Lot Description Views, Gentle Sloping
Sewer Public Sewer
Water Public
Schools
Elementary Schools Mary Ann Binford
Middle Schools Truman
High Schools Rio Grande
Others
Tax ID 101105509836420111
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
NEARBY SCHOOL & BUSINESS
150 Washington Avenue Ste. 201, Fe, NM 87501, United States