Listing Summary
Acquire approx. 5.91 dedicated acres of commercial land with approx. 0.7 acres of easements at 9201 Central Ave NW in Albuquerque, New Mexico. Priced at $2,500,000, this Route 66 property offers an investment opportunity with historical gross incomes between $300,000 and $350,000, a qualified HUB Zone designation, and high traffic counts totaling approx. 56,500 vehicles per day.
Full Description
Located on busy West Central Avenue at 90th Street in Albuquerque, NM 87121, the Palisades RV Park land asset presents a unique redevelopment or restoration opportunity. Offered at only approx. $10 per square foot for developed land, the property features easy turn access for trailers, mature trees, and a historical designation as a 108-unit mobile home or RV park layout (note that a zoning upgrade is required for a mobile home park).
Between 2020 and 2024, the property generated gross incomes ranging from $300,000 to $350,000, creating a viable pathway to restore a thriving RV park business. The location benefits from ongoing city improvements, including City of Albuquerque West Central Avenue bike lanes and upcoming infrastructure upgrades such as a new stop light scheduled for 90th Street in 2027. The site captures high visibility with approx. 14,800 vehicles per day on Central Avenue and approx. 41,700 vehicles per day on 98th Street.
Quick Glance
- Listing ID:
CL-New Mexico-28504
- Status:
Active
- Year Build:
1971
- Building Size:
3,590 SqFt
- Lot Size:
6.42 Acr
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