5001 Monica LA NW, Albuquerque, NM 87120

Property Description

CALLING ALL DEVELOPERS, BUILDERS & INVESTORS! Rare opportunity to acquire THREE CONTIGUOUS Residential Townhome (RT) zoned lots and create a new 3-townhome development in an established Northwest Albuquerque location! Located at 5001, 5005 & 5009 Monica Lane NW, these properties sit at 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 $67,500 per lot. 5001 Monica Lane NW is offered at $70,000 and is the premier END-CAP CORNER LOT at Monica Lane and Vista Grande Drive. It is also the largest of the three at approximately 0.0729 acres. This corner lot offers additional exposure and the potential for an AWESOME MOUNTAIN VIEW - an excellent feature to incorporate into the design and marketing of the future end-unit townhome. All three lots are offered at a combined asking price of $205,000.The opportunity is simple: THREE CONTIGUOUS LOTS + RT ZONING + UTILITIES IN THE ROAD + AN ESTABLISHED ALBUQUERQUE LOCATION = A PROPERTY WORTH TAKING A SERIOUS LOOK AT!Develop all three lots together and create a cohesive 3-townhome project designed to take advantage of the corner location, surrounding neighborhood 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 property is 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.The end-cap lot at 5001 Monica Lane provides an opportunity to create a standout unit with its corner positioning and potential mountain views, while 5005 and 5009 complete the three-lot development footprint. Together, the lots provide a unique opportunity for a builder to control the entire three-lot grouping 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 property for Buyer's intended use with the City of Albuquerque and applicable utility providers.Opportunities to acquire THREE 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 THREE. SELL THREE. CREATE YOUR NEXT ALBUQUERQUE TOWNHOME PROJECT!SELLER IS READY TO CONSIDER OFFERS - SUBMIT YOUR OFFER TODAY!