Lots & Land For Sale in Raynolds, Albuquerque

SELLER FINANCING considered! Oversized corner lot by Albuquerque Biopark and very close to downtown and the Railyards. A short distance to the river path and Tingley Beach. Perfect spot to build your home. Great investment opportunity. Easy corner access opens up lots of ADU options.

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.

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