MX-M Vacant Land in Opportunity Zone- Ready to Develop

1916 4th Street NW Albuquerque, NM 87102

1916 4th Street NW, Albuquerque, NM, 87102
1916 4th Street NW, Albuquerque, NM, 87102
Property Type:
Other Land
Cap Rate:
Last Verified:
Jan 25, 2022

Parcel is located in a Metropolitan Redevelopment Area. City of Albuquerque, in an effort to encourage urban in-fill development and affordable housing, has approved multi-story MUH and mixed use developments and will expedite approval process for developers. MRA- No Impact Fees! Form-based zoning overlay to allow for high density and additional uses. Possible uses include: Medical/Urgent Care/Physical/Occupational Therapies/Kidney Dialysis/Mixed Use/Retail/Hospitality/and more. Drive-thru availability. Conveniently located near: I-25 & I-40 Hospitals UNM & CNM Old Town, galleries & museums Pueblo Cultural Center & Indian School redevelopment Downtown central business & courthouse district Property fronted by 4th Street, McKnight, and 3rd Street with possible access from these three streets. Located in central Albuquerque, close to downtown, Interstate 40 & 25 without congestion from major medical center I-40 CPD: +/- 117,300 4th Street CPD: 8,100

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Map of 1916 4th Street NW, Albuquerque, NM, 87102

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.