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4204 Lead Ave SE
Albuquerque, NM 87108 Nob Hill

$575,000 USD

Land For Sale  •  0.41 AC

Property Details

  • Property Type Land
  • Lot Size 0.41 AC
  • Zoning MX-L
44 Transit Score
83 Walk Score

Description

The site serves as a landmark gateway to one of Albuquerque's most renowned and dynamic neighborhoods. As traffic continues to increase on the Lead/Coal thoroughfare, and demand for Multi-Family property remains extremely high in the Albuquerque MSA, and Nob Hill alike, this site is perfectly located and zoned for high density housing. There are currently 3 Buildings comprised of roughly 4,500 SF sitting on the entire site. The site is comprised of 5 independent plats, current owner is currently undergoing a replat to combine all sites, and city to vacate their existing alley/easement. Property will require some infrastructure improvements such as demolition and moving of existing gas line. Upon replat, this will be one of the largest pieces of available land to develop in the Nob Hill Submarket.

Highlights

Largest available lot for development in Nob Hill
Property undergoing replat
Size: 0.41 Acres (Post Replat)
Existing Buildings: 4,500 SF
Current Plan shows Potential for 20 TownHomes on site
Existing buildings require tenant improvements, capital improvements (HVAC, electrical, roofing, etc.) but are in relatively good condition.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Downtown Albuquerque (Rail Runner Express - New Mexico Rail Runner Express) 8 min - 3.3 mi
Bernalillo County-International Sunport (Rail Runner Express - New Mexico Rail Runner Express) 15 min - 7.5 mi
AirportDriveWalkDistance
Albuquerque International Sunport 17 min - 6.2 mi
Daniel Kearney 505-720-7089 RESOLUT RE
Daniel Kearney 505-720-7089 RESOLUT RE