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Tbd Las Estancias Drive SW, Albuquerque, NM 87105 (MLS# 1038242) - Buyer's Broker of New Mexico

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Tbd Las Estancias Drive SW, Albuquerque, NM 87105

$10,990,000
Property Type: Land Lot Size (sq. ft.): 6,901,211 Status: Active
Current Price: $10,990,000 List Date: 8/11/2023 Last Modified: 8/11/2023

Description

DEVELOPMENT OPPORTUNITY! Develop, Farm, or Land bank! The Old Tobacco Farm is in a Bernalillo County approved Sector Plan allowing for 450 single family housing units. Utilities & access available and planned. The property has a long and storied history in the Valley Farms area of Albuquerque and is an ongoing hay farming operation today. It is one of the last large private acreage land holdings in an area of new commercial and residential development. Located only a block off Coors Blvd, just south of Rio Bravo, the location is in a rapidly developing area of town. 23 acres of the property are designated as an open space donation to the County to facilitate the quality of the development. There are also another 147 acres of county-owned open space adjacent to property.

More Information MLS# 1038242

Contract Information

Listing Price: 10990000 Current Price: $10,990,000 List Price/Acre: 69368.18 List Price/Lot SqFt: 1.59 Status: Active Bank Owned: No

Location

Street #: Tbd Street Name: Las Estancias St Suffix: Drive Post Direction: SW County: Bernalillo City/Town Code: Albuquerque State/Province: NM Zip Code: 87105 Zip +4: 0000 Geo Lat: 35.017745 Geo Lon: -106.711355 Area: 91 - Valley Farms Zone Atlas: P11

General Property Description

# of Lots: 1 Acres: 158.43 Lot SqFt: 6901211 Lot Size Source: Plat Apx Lot Dim Front: 3141 Apx Lot Dim Side: 2142 Flood Zone: A1-A30 Elementary School: Navajo (y) Middle School: Harrison High School: Rio Grande Package Deal: No

Tax & Legal Info

UPC Code: Not Available PID: No SAD: No Current Taxes: 4600 GRT Code: 02-002 Tax Exemption: Unknown

Legal Description Details

Short Legal Desc: TR 3-A-1 MRGCD MAP 48 (EXCL S'LY PORT OF DRAINAGE R/W) TR A2 PLAT OF TRACTS A-1, A-2, A-3 AND A-4 Tract: N/A Unit: N/A Block: N/A Lot: N/A Subdivision: N/A Section: 11 Township: 9 N Range: 2 E

Remarks & Misc

Directions: Coors and Las Estancias- turn east off Coors onto las Estancias (the 2nd light on Coors Blvd South of Coors and Rio Bravo. Go to the end of Las Estancias and cross the ditch to access the farm.

Utilities Expnsn Chg

Utilities Expnsn Chg: No

Utility Impact Fee

Utility Impact Fee: Unknown

Sales Info

Seller Assist Ofrd: No Trade/Xch Considered: No

Association Details

Association: No

Property Features

Distance to Water: In Street Dist to Electrical: On Property Distance to Sewer: In Street Distance to Phone: In Street Distance to Gas: Call Listing Broker Distance to Cable: Call Listing Broker Existing Survey: Alta Survey Possession: Other - See Remarks Type: Acreage; Agricultural; Commercial Acc. To Prop Line: Paved Road; Public Road Topography: Mostly Level Features: Views Utilities: Electricity Available; Sewer Available; Water Available; Other - See Remarks Restrictive Covenant: None Docs/Data Available: Survey Wastewater: Public Sewer Water Source: City Water Irrigation Source: Irrigation Possible Finance Considered: Cash; Conventional; Other - See Remarks Zoning: A-1
Listing Office: Fay Ranches, Inc
Last Updated: August - 11 - 2023

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.