4517 Quaker Heights PlAlbuquerque, NM 87120

Property Details for 4517 Quaker Heights Pl

Property size (Sq ft)

64,865 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

Description

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.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1344

Longitude

-106.704

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