Lots & Land For Sale in Downtown Albuquerque, Albuquerque

Rare opportunity! Vacant lot in prime location. Zoned R-1A. Variances for setbacks already approved. Excellent opportunity for an investor or contractor to develop a single family home in this established neighborhood. Set of plans drafted by Ron Montoya. Close to Old Town, Downtown, Restaurants, and more.

Opportunity to own a vacant lot in the highly sought-after Old Town area, located in the Lands of Armijo, tucked into the cul-de-sac off 19th St NW and Slate Ave NW. This .2154-acre property is within walking distance of shopping, restaurants, Albuquerque Little Theatre, and other local attractions. Offering endless possibilities, this blank canvas isready for you to build your dream home. Enjoy the charm, convenience, and rich history of the area while creating a home that perfectly fits your vision. Don't miss this exceptional opportunity in a prime location.

Rare opportunity to own two adjoining vacant lots in the heart of Albuquerque's sought-after Old Town area. Located at 1315 & 1317 15th Street NW, this combined property offers approximately 0.35 acres of level land ready for your vision. Whether you're looking to build a custom residence, develop an investment property, or secure land in a rapidly growing area, the possibilities are endless (subject to applicable approvals). Enjoy a prime location just minutes from Old Town Plaza, the Sawmill Market, local dining, shopping, parks, and scenic Bosque trails, with convenient access to downtown and major roadways. Opportunities to acquire side-by-side lots in this established neighborhood are rare.

Prime downtown Albuquerque development opportunity at 601 Aspen Ave NW. This .33-acre corner lot at 6th & Aspen is flat, cleared, and ready to build immediately. Fully approved plans and permits from the City of Albuquerque which is already in place. Construction cost are NOT included in the sale. LAND & PERMITS ONLY. Zoned NR-LM (Non-Residential Light Manufacturing), allowing for a wide range of uses. Ideal for investors or owner-users seeking a streamlined project with strong upside and built-in equity potential upon completion.

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