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$375,000
1075796 MLS
Announcing a special buy on Elena Ave NE! That's right, one of those few and far between opportunities to secure a build site on one of Albuquerque's most prestigious streets. When you visit, note how adjacent/area homes were designed, majestic homes with spectacular views! Something similar, customized to your style and needs that captures those views would be majestic here too. Utilities there or nearby, area requires well and septic. Oversized 1.24 +/- acre lot stretches from Elena to Florence, no south neighbor. Build site on Elena or north side of the lot. Served by some of APS Finest Schools - Double Eagle, Desert Ridge, La Cueva High, a benefit whether you use or not. Booming Paseo del Norte corridor offers shopping (2.5 miles to Trader Joe's), restaurants, medical etc.

10650 ELENA Avenue NE, Albuquerque

Listing courtesy of Stephanie L Granfors from Granfors Realty,LLC

$524,000
1074738 MLS
Discover 1.27 acres of agricultural-zoned land with access to an irrigation ditch - perfect for your dream home or hobby farm! Just 0.2 miles along the Duranes Trail to the Bosque, this property offers easy access to the stunning Rio Grande Bosque Trail, where Cottonwood trees, wildlife, and trails for biking and horseback riding abound. Enjoy the tranquility of being near the river without the worry--this lot is not in a flood zone, so no flood insurance is required. Ideal for a private retreat, horse property, or sustainable living, this slice of paradise is ready for your vision. Lots of options on this ''Sector Development Los Duranes Rural Agricultural Zone'' (SD-LD A-1) lot with over 1 acre of vacant land in the North Valley! See all the Documents for details.

3227 Duranes Road NW, Albuquerque

Listing courtesy of John C Woods from EXP Realty LLC

$1,390,000
1072123 MLS
The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open

517 1st Street SW, Albuquerque

Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.

$10,990,000
202403616 MLS
The 158-acre Old Tobacco Farm is located in the very northern part of Albuquerque’s Valley Farms area. A multi-year planning and re-zoning process has resulted in a Bernalillo County-approved Sector Plan for the property that allows for 450 residential housing units. Per the Sector Plan, 23 acres must be donated to the County for open space. The property is one of three things depending on the buyers wants and needs; a ready-to-go residential development project, a land bank opportunity, or an ongoing hay farm operation. The location is in the path of development and urbanization as the city of Albuquerque’s density increases in this direction. The County of Bernalillo has heartily endorsed a residential project in this location. Located off Coors Blvd near the intersection with Rio Bravo, adjacent to a new Walmart Supercenter, theatre complex, and senior living facility, the property is unique in its large size and location. The Old Tobacco Farm was once a producing tobacco farm for the smokeless tobacco industry. There were several other agricultural incarnations of the farm before it became what it is today, a highly productive alfalfa hay farm in the heart of the city with an approved Bernalillo County Sector Plan for residential development. This area has a long and storied history because of its proximity to the Rio Grande River. The farm has been in the same family for generations, and this is the first time it has been offered for sale in this configuration. For the right buyer, this property provides the opportunity to develop a significant residential housing project asap or h old the property for future appreciation. This property may be purchased in several different configurations. A separate designated 40 acre parcel. The entire parcel west of the Arenal with county-approved development plan. Purchase 23 acres east of the Arenal separately.

3931 Anderson Farm Dr., Sw, Albuquerque

Listing courtesy of James Vidamour from Fay Ranches, Inc.

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