Rachael Flance - Coldwell Banker Legacy
210 Sixth & 517 Silver SW
Albuquerque, NM 87102

$1,200,000

Description

On behalf of the owners, NM Apartment Advisors Inc., is pleased to present a rare opportunity to acquire an assembled quarter block of downtown Albuquerque. This site and 15 unit community offers the trifecta in high walk score (93), bike score (77) and transit score (57), making it an ideal location for a millennial redevelopment. Priceless zoning in the Downtown 2025 District allows heights up to 40 stories and fast track city approval.Income producing until you are ready to replace the property.Priced at 2015 appraisal.Located in Downtown 2025 District, one block from historic Route 66, and embedded in Albuquerque's tallest buildings and 25,000 jobs.Over 100 restaurants within a one mile radius, 9 new brew pubs, 8 new coffee shops.

Details

MLS#871995
Sub-TypeResale
StatusActive
Year1901
Days On Site810

Features

SQ Feet10,701
Units15
Building(s)5

Loading Form

Loading Form

Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87102
Area80 - Downtown Area
Listing VS Median (in 87102)
Price:
$1,200,000
low | high
Med:
$202,450
100% of Average
SqFt:
10,701
low | high
Med:
1,220
100% of Average
$ / SqFt:
$112
low | high
Med:
$169
2% of Average
On Site:
810
low | high
Med:
24
100% of Average
Listing Updated: 10/16/2018
MLS Number: 871995
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.