Self Storage Entitled Land Paseo del Norte Blvd NW
Entitled Land | 5.87 acres
Marketing description
Located in the city’s path-of-progress, the parcel at the southeast corner of Paseo del Norte & Woodmont Ave is a prime 5.87± acre development site ready to deliver one of the most in-demand real estate products in today’s market — self-storage. Located at the highly visible intersection, this parcel offers a rare combination of location, entitlement certainty, and investment upside that buyers and developers are looking for.
This property is already fully entitled with a Conditional Use Permit (CUP) approved by the Zoning Hearing Examiner (ZHE) and a Site Plan Approval from the DFT (Development Facilitation Team) for self-storage development, saving valuable time and removing entitlement risk. In addition, it sits within a federal Qualified Opportunity Zone, providing buyers with significant tax incentives — including deferral, reduction, or even elimination of capital gains tax liability with a long-term hold.
Investment highlights
Why This Is a Great Business Opportunity Right Now:
Strong Demand & Limited Supply: Current competitors are running at 96% capacity
Explosive Residential Growth: Over 2,000 new homes and rental units planned or under construction nearby, driving up demand
Proven Resilience: Self-storage has become one of the most recession-resistant sectors in real estate, consistently producing stable cash flow
Revenue Opportunities: Developers have the flexibility to design facilities that capture premium rents — including climate-controlled units, RV and boat storage, and customizable spaces
Federal and Local Financial Incentives: Foreign-Trade Zone, Industrial Revenue Bonds, Local Economic Development Act, New Market Tax Credit, NM Collateral Assistance Program, "La Ventana" Opportunity Zone.
For investors or developers seeking a turnkey development site in Albuquerque’s fastest-growing corridor, Paseo del Norte & Woodmont Ave checks every box: prime location, strong demographics, entitlement certainty, and long-term demand drivers.
This is more than land — it’s a ready-made business opportunity in one of the most stable and profitable asset classes in commercial real estate today.
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