For Sale
$85,000

1221 2Nd St Albuquerque, NM 87102

Prime .09-acre lot, ideal for multifamily development.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional .09-acre lot (3,920.4 sq ft), located at 1221 2nd St SW in Albuquerque, New Mexico (zip code 87102), presents a unique opportunity for development. Priced at $85,000 ($21.68/sq ft), this mixed-use, multifamily-permitted property (APN: 101405615452821829) is zoned R-ML. Its central downtown Albuquerque location offers unparalleled access to a vibrant urban lifestyle. Nearby attractions include the Albuquerque zoo, aquarium, art galleries, museums, and a diverse array of shops and restaurants. The property's strategic position makes it highly suitable for constructing a multifamily residence, catering to the growing demand for rental properties in this desirable area. This is an owner/user investment opportunity, with no ground lease involved. The property is situated in Bernalillo County. This is a fantastic chance to build in a thriving downtown setting, close to cultural and entertainment amenities. Owner financing may be available.

Highlights

  • Prime downtown Albuquerque location, ideal for multifamily development.
  • Excellent walkability to Albuquerque's historic district, zoo, aquarium, and cultural attractions.

Property Details for 1221 2Nd St

Property type
Mixed-use properties, Land

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.072916081534
Longitude
-106.6516707325

FAQs

What type of property is this?
Mixed-use property - Prime .09-acre lot, ideal for multifamily development.
Where is the mixed-use property located?
The property is located at 1221 2Nd St Albuquerque, NM.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Prime downtown Albuquerque location, ideal for multifamily development.; Excellent walkability to Albuquerque's historic district, zoo, aquarium, and cultural attractions.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1221 2Nd St
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