3410 Broadway BlvdAlbuquerque, NM 87102

  • Commercial land
  • 7.61 AC
For Sale
$6,672,303 View listing

Property Details for 3410 Broadway Blvd

Lot size
7.61 AC
Property type
Commercial land
APN
1-014-054-328-486-1-03-10
APU
101405432848610310

Description

This exceptional 27.85-acre commercial land parcel, located at 3410 Broadway Blvd SE in Albuquerque, New Mexico, presents a compelling investment opportunity. Priced at $6,672,303, or $5.50 per square foot, this fee simple property boasts a prime location in Bernalillo County's Airport submarket. The property's County M-2 zoning (NR-LM) allows for considerable flexibility in development plans, potentially including subdivision to meet specific project needs. Its strategic adjacency to I-25, Albuquerque International Sunport, and rail lines ensures excellent access to major transportation arteries, enhancing its appeal for a wide range of commercial ventures. The property's APN is 101405432848610310. Owner financing is available, making this a particularly attractive proposition for developers seeking a build-to-suit location with significant growth potential. This is a rare opportunity to acquire a substantial land holding in a high-demand area of Albuquerque. The property's size and location offer unparalleled visibility and accessibility, making it an ideal site for a variety of commercial developments. The potential for significant return on investment is substantial, given the property's strategic location and flexible zoning. This is an exceptional opportunity to capitalize on the vibrant Albuquerque market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $94,656,200
    Retail / Commercial
    $49,324,300
    Mixed-Use / Specialty
    $49,767,100
    Hospitality / Lodging
    $37,318,000
    Office
    $50,115,800
    Institutional / Educational
    $51,958,800
    Residential Income
    $60,791,800
    Multifamily
    $69,480,800
    Automotive / Energy
    $44,536,100
    Parking / Income-Based Land
    $14,757,700
    Restaurant / Food Service
    $27,204,600
    Healthcare / Senior Housing
    $50,400,800

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.043
Longitude
-106.646
CBSA code
10740
CBSA name
ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,370
$236,810
-
$236,810
-
$710,500
-
$710,500

FAQs

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