517 1st SW

Development site for 100 Units in Downtown and in an underserved market 

NM Apartment Advisors and Maestas Real Estate Services are proud to bring to 0.488 acre development site zoned Mixed Use High Intensity District with building concept plans. Welcome to the Railyard Flats development land located at 517 1st SW and in the heart of downtown Albuquerque. Current owner has building plans / floor plans for 100 units on this site, with a podium design that includes Þrst floor of parking, and four floors of wood frame construction and a roof top deck and 360 degree views of the most amazing city in the country. The property is located in the Barelas Metropolitan Redevelopment area and a geography that allows for a signiÞcant parking reduction (up to 50%). Renderings and plans are preliminary and buyer/developer should verify their own approvals and plans with their architect/ development team. Do not miss out on this rare opportunity to build into the #1 market in the country for rent growth.