MultiFamily / Townhouse Development Opportunity - 2307 Mountain Rd NW

Overview

Rare infill redevelopment opportunity in Albuquerque’s highly desirable West Old Town area. Located at 2307 Mountain Rd NW, this approximately 0.72-acre property offers a compelling opportunity for a residential developer seeking a well-located site near Historic Old Town, the Sawmill District, Downtown Albuquerque, the Bosque and I-40.The property currently contains an approximately 1,698 SF residence and is being marketed for both its existing residential use and significant redevelopment potential. A conceptual site plan has been prepared illustrating a potential 10-townhome development with units of approximately 1,480 SF, garage and driveway parking, and internal access.Adding to the redevelopment potential, an attractive townhome project has already been successfully developed directly across Mountain Road, providing a strong neighborhood precedent for this type of residential product. The property is less than one mile from I-40 and offers convenient access to I-25 and the Albuquerque International Sunport.Offered at $699,000. Conceptual development plans are available upon request and are for illustrative purposes only. Buyer to independently verify zoning, allowable density, utilities, access, subdivision requirements and all governmental approvals necessary for Buyer’s intended use.