$140,000

About This Property

CALLING ALL DEVELOPERS, BUILDERS & INVESTORS! Rare opportunity to acquire TWO CONTIGUOUS Residential Townhome (RT) zoned lots and create a new 2-townhome development in an established Northwest Albuquerque location! Located at 5005 & 5009 Monica Lane NW, these properties sit near the NWC of Monica Lane NW and Vista Grande Drive NW and offer an exciting infill development opportunity with zoning already in place for residential townhome development.5005 & 5009 Monica Lane NW are each approximately 0.0602 acres and offered at $70,000 per lot. Both lots are offered at a combined asking price of $140,000, providing approximately 0.1204 acres of contiguous residential land.The opportunity is simple: TWO CONTIGUOUS LOTS + RT ZONING + UTILITIES IN THE ROAD + AN ESTABLISHED ALBUQUERQUE LOCATION = A PROPERTY WORTH TAKING A SERIOUS LOOK AT!Develop both lots together and create a cohesive 2-townhome project designed to take advantage of the surrounding neighborhood, convenient location and mountain views. Whether you're a local homebuilder looking for your next project, a developer searching for an infill opportunity, or an investor looking to add buildable residential land to your portfolio, these lots offer tremendous potential.LOCATION SELLS! Future homeowners can enjoy convenient access to one of the Westside's established shopping and restaurant areas near Coors Blvd and Sequoia Rd. Nearby amenities include Home Depot, Walmart Supercenter, Walgreens, shopping centers, restaurants, services, public parks and numerous everyday conveniences. The location provides easy access to Coors Blvd and the surrounding Northwest Albuquerque area while still offering the feel of an established residential neighborhood.Outdoor recreation is another major advantage. The properties are conveniently located near the RIO GRANDE, Bosque area and Albuquerque's extensive network of walking and biking trails. Imagine marketing new townhomes where residents can be minutes from shopping, restaurants and services while also having convenient access to parks, trails and outdoor recreation.5005 and 5009 Monica Lane NW offer an opportunity to acquire two adjoining parcels as a combined development site. Together, these properties provide a unique opportunity for a builder to control both lots and plan a coordinated residential townhome development rather than attempting to assemble individual parcels later.Properties are located within the City of Albuquerque and zoned RT - Residential Townhome. Utilities are located within the roadway. Buyer to independently verify utility availability, capacity, connection costs, zoning, setbacks, density, building requirements, development standards and suitability of the properties for Buyer's intended use with the City of Albuquerque and applicable utility providers.Opportunities to acquire TWO CONTIGUOUS RT-ZONED LOTS in an established Albuquerque neighborhood don't come along every day. Bring your plans, bring your builder and take a serious look at what can be created here.BUILD TWO. SELL TWO. CREATE YOUR NEXT ALBUQUERQUE TOWNHOME PROJECT!SELLER IS READY TO CONSIDER OFFERS - SUBMIT YOUR OFFER TODAY!

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