15 UNIT MULTI-FAMILY DEVELOPMENT
Land for Multi-Family development
Marketing description
Zoned multi-family with fire department approval. Current topography available.
Introducing a prime 15-unit multi-family development located at 1303 Menaul Blvd NW in vibrant Albuquerque, NM. Boasting 0.71 acres of land and a total of 30,927 SF, this property is priced at $399,900 FIRM, making it an attractive investment opportunity with a price per SF of $12.93. Strategically situated across from the Avanyu Plaza development and just minutes away from downtown, Sawmill Market, and Old Town, Mills Plaza offers convenience and accessibility in a bustling area. The property is zoned R-ML and situated outside of the flood zone. Demographics within a 5-mile radius are favorable, with a diverse population and median household income ranging from $60,300 to over $100k. The area boasts top industries including management, business, science, arts, educational services, and healthcare. Don't miss out on the chance to own property in this high-demand location. REC with 25% down at $429,000.
Investment highlights
• Across the Avanyu Plaza development and the Indian Pueblo Cultural Center!
• 5 minutes away from downtown.
• 4 minutes away from Sawmill Market.
• 6 minutes away from Old Town.
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