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517 1st Street SW

Albuquerque, NM 87102

– beds
– baths
– sqft
~1/2 acre lot
– on site

The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open from 9/4 to 10/16

Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Oct 9, 2024 •

MLS# 1072123 —

Location

Directions:

From Central and 2nd south to Iron, east to the property.
Latitude:

35.07951
Longitude:

-106.649264

The Property

Parcel Number:

101405723424533705
Property Type:

Land
Zoning Description:

MX-H*
Current Use:

Unimproved
Possible Use:

Unimproved
Topography:

Level
Lot Size Acres:

0.49
Lot Dimensions Source:

Survey
Lot Size SqFt:

21257.0
Lot Size Source:

Survey
# of Lots:

1

Listing Agent

Contact info:

Taxes

Tax Lot:

N/A
Tax Block:

N/A
Tax Tract:

N/A
Tax Annual Amount:

940.16
Tax Legal Description:

Lot C, Block A, Atlantic and Pacific Addition

Utilities

Utilities:

ElectricityAvailable,NaturalGasAvailable,SewerAvailable,WaterAvailable
Sewer:

PublicSewer
Water Source:

CommunityCoop

Schools

Elementary School:

Dolores Gonzales
Middle Or Junior School:

Washington
High School:

Albuquerque

The Community

Subdivision Name:

Atlantic & Pacific
Community Features:

Curbs,Gutters

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/8/24 Oct 8, 2024	Listed / Active	SWMLS	$1,750,000

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This plot of land located in Southwest Albuquerque, Albuquerque, NM 87102 is currently for sale for $1,750,000. 517 1st Street SW is a – square foot plot of land with – beds and – baths that has been on Estately for 75 days. 517 1st Street SW is in the Southwest Albuquerque neighborhood of Albuquerque and has a WalkScore® of 87, making it very walkable. This plot of land is in the attendance area of Washington Middle School, Albuquerque High School, and Dolores Gonzales Elementary School.

Listing Courtesy of: SWMLS and NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.