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4501 Central Ave NEAlbuquerque, NM 87108
The Sixty-Six
Asset ClassLand, Multifamily
A 96-Unit Class A Fully Entitled & Shovel Ready Multifamily Development Site
overview of deal

Overview

Northmarq is pleased to present The Sixty-Six, a fully entitled and shovel ready +/- 1.61-acre Multifamily Development Site in Albuquerque, New Mexico. The Site is located in Bernalillo County, the most populous county in New Mexico. The Sixty-Six Development Site sits at the Northeast corner of the intersection of Adams Street NE and Central Avenue NE, which runs in tandem with U.S. Route 66. The Site is conveniently located with direct access to Route 66, allowing for connection to the entire MSA. The Site is currently programmed for a 3 story, 96-unit multifamily building (sample programming, subject to change). The Sixty-Six Development Site allows a developer to strategically capitalize on the increased need for housing in New Mexico’s most vibrant MSA.

 

The Sixty-Six Development Site offers a developer a unique opportunity to implement a 7 year tax abatement that can be put in place upon closing.

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Investment Highlights

<1 MILE FROM POPULAR NOB HILL RESTAURANTS

<1 BLOCK FROM EAST NOB HILL ART STATION

<3 MILES TO INTERSTATE 40

<4.8 MILES TO SANDIA NATIONAL LABS & BLUE HALO

<4 MILES TO THE SUNPORT

<20 MINUTES TO NETFLIX

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4501 Central Ave NEAlbuquerque, NM 87108
The University of New Mexico
Historic Nob Hill Neighborhood
Albuquerque International Sunport
Netflix Albuquerque Studios
Amazon Fulfillment Center
Facebook Los Lunas
UNM Hospital
Sandia National Laboratories
Maxeon Solar Technologies
Downtown Albuquerque

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Listing provided by Revere CRE