4517 Quaker Heights PlAlbuquerque, NM 87120

This exceptional 1.4891-acre mixed-use property in Albuquerque, New Mexico, presents a unique development opportunity. Located at 4517 Quaker Heights Pl NW, 87120, this vacant lot is zoned Mixed Use Transitional and offers significant potential for a 43-unit multi-family development, including 10 townhouse-style units with garages. The site is conveniently situated near I-40 and Coors Boulevard, providing easy access to shopping, schools, and employment centers. Intel's recent expansion, adding thousands of jobs, is just 10 minutes away. The property is adjacent to high-end senior living facilities and a Presbyterian Urgent Care center, further enhancing its desirability. The asking price is $1,200,000, translating to approximately $18.50 per square foot, $805,856 per acre, and $36,364 per unit based on a projected building size of 42,837 square feet. A financial development model, available to qualified developers, projects average rents of $1,972 for one-bedroom units and $2,070 for two-bedroom units. This development addresses Albuquerque's significant housing shortage, a market currently experiencing high rental growth. The total square footage of the land is 64,865. Further details and a confidential financial model are available upon request.