Highway 6 @ Emily Ave - Residential LAND FOR SALE


Los Lunas, NM 87031 1,071,140 SF
$6,000,000 USD
505-440-8633
Highway 6 @ Emily Ave, Los Lunas, NM for Sale
$6,000,000 USD
Residential LAND - FOR SALE
1/4
1,071,140 SF

Highway 6 @ Emily Ave
Los Lunas, NM 87031


OVERVIEW

The premier multifamily site in Greater Albuquerque Area – 24 acres supports 400 units On behalf of the owners, NM Apartment Advisors and Maestas Real Estate Services are pleased to present one of the largest multifamily zoned sites in the Greater Albuquerque Metro Area. This 24.59 acre site is part of the Sierra Vista Area plan which covers a larger 272.3 acre master plan which is located just north of Cerro de Los Lunas Preserve in Los Lunas, NM. The site is adjacent one of the highest concentration of employment growth in the area with a new Amazon distribution facility, Meta/Facebook data centers, Wal-mart distribution center and a planned rail park. Located across the main highway from the Meta/Facebook Data Centers, Wal-Mart distribution center and Amazon distribution center, this site has a captive audience of potential renters, most of whom head north to Albuquerque in the daily commute to find housing. “The site is fully entitled and build ready. Mass grading is done, and all utilities are available at the street or stubbed into the site. All that is needed is a building permit. The Area Plan establishes the zoning criteria. It limits the height to 2 stories and the density to 400 units.” -Owner, Sierra Vista—Los Lunas LLC This offering is available at $6,000,000, $15,000 per unit or $5.61/sft. 10 page flyer is available for review at http://www.nmapartment.com/apt/NMAA-LosLunas-SierraVista.pdf Qualified developers can register for additional information from the confidential document center by completing the online confidentially agreement at http://www.nmapartment.com/sierravista You can help address the current housing shortage - our market needs over 19,000 new rental units and until we build them, we will continue to be the #1 market in the country for rent growth. Todd Clarke CCIM CIPS CEO NM Apartment Advisors Inc. (505) 440-TODD And Anita Maestas Qualifying Broker & Owner Maestas Real Estate Services, Inc. 505-463-3565 anita@maestasrealty.com

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/ACRE

$244,002/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Sierra Vista Multifamily Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

24.59 AC

LAND SF

1,071,140 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas

ZONING

Per Area Plan

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.