North of 9219 Broadway Blvd. SE

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North of 9219 Broadway Blvd. SE

Albuquerque, NM 87123
Asking Price
$2.50M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel available for acquisition in Albuquerque New Mexico.
  • The property is situated north of 9219 Broadway Boulevard Southeast.
  • Total asking price for this development site is 2500000 dollars.
  • Strategic location within an active regional commercial and logistics corridor.
  • Zoning and land type support versatile professional or retail development projects.

What's Special

This commercial land offering in Albuquerque presents a strategic acquisition for investors or developers seeking to capitalize on the region's expanding economic footprint. Situated north of 9219 Broadway Blvd. SE, the site occupies a position within a major southwestern hub known for its diverse industrial base and logistics corridors. The local market benefits from steady population growth and proximity to primary transportation arteries, facilitating efficient regional connectivity. Given the commercial classification of the land, this parcel is well-suited for a variety of developments including retail centers, professional office buildings, or light industrial warehousing. Buyers seeking to establish a presence in this growing suburban market will find the location conducive to both long-term holding strategies and immediate project commencement. The site provides a clean slate for developers looking to tailor their improvements to current market demands while leveraging the visibility and accessibility provided by the Broadway corridor.

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

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