Shovel Ready Multifamily Site - Paseo Del Norte Blvd NE & Woodmont Ave NW

This multifamily site is located within The Trails subdivision in northwest Albuquerque, NM. It is fully entitled and approved for development of an apartment complex to support the rapidly growing westside population. With a low 4.9% multifamily vacancy rate, the market is prime for new development. The property is surrounded by new retail amenities, highly-rated schools and public open space featuring hiking trails, nature preserve and desert vista views.This property is already entitled and approved for a 333-unit apartment complex, consisting of 13 two and three-story, gardenstyle multifamily apartment buildings and one clubhouse building on the 13.72± Acre site. Approved construction drawings prepared by Humphreys Architecture.

±13.72 Acres

$9.95/SF or $5,946,550

Located in Qualified Opportunity Zone (allows for tax benefits)

Zoned R-ML

Rapidly growing northwest Albuquerque submarket

Surrounded by retail amenities, highly-rated schools and public open space

Low multifamily vacancy rate - 4.9% December 2023