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$10,990,000

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158 Acres Lot

Pending

3931 Anderson Farm Dr., SW Albuquerque, NM 87105

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Michele Caskey

Real Broker LLC

luminaryrealestate@hotmail.com +1(575) 937-3663

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Agriculture

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 202403616

HOA Y/N No

Annual Tax Amount $1,181

Tax Year 2024

Lot Size 158.000 Acres

Acres 158.0

Property Sub-Type Agriculture

Property Description

The 158-acre Old Tobacco Farm is located in the very northern part of Albuquerque's Valley Farms area. A multi-year planning and re-zoning process has resulted in a Bernalillo County-approved Sector Plan for the property that allows for 450 residential housing units. Per the Sector Plan, 23 acres must be donated to the County for open space. The property is one of three things depending on the buyers wants and needs; a ready-to-go residential development project, a land bank opportunity, or an ongoing hay farm operation. The location is in the path of development and urbanization as the city of Albuquerque's density increases in this direction. The County of Bernalillo has heartily endorsed a residential project in this location. Located off Coors Blvd near the intersection with Rio Bravo, adjacent to a new Walmart Supercenter, theatre complex, and senior living facility, the property is unique in its large size and location. The Old Tobacco Farm was once a producing tobacco farm for the smokeless tobacco industry. There were several other agricultural incarnations of the farm before it became what it is today, a highly productive alfalfa hay farm in the heart of the city with an approved Bernalillo County Sector Plan for residential development. This area has a long and storied history because of its proximity to the Rio Grande River. The farm has been in the same family for generations, and this is the first time it has been offered for sale in this configuration. For the right buyer, this property provides the opportunity to develop a significant residential housing project asap or h old the property for future appreciation. This property may be purchased in several different configurations. A separate designated 40 acre parcel. The entire parcel west of the Arenal with county-approved development plan. Purchase 23 acres east of the Arenal separately.

Location

State NM

County Bernalillo

Zoning Other

Interior

Fireplace No

Exterior

Utilities Available Other, See Remarks

View Y/N Yes

Water Access Desc Other,See Remarks

Private Pool No

Building

Lot Description Views

Sewer Other, See Remarks

Water Other, See Remarks

Schools

Elementary Schools Bernalillo Elementary

Middle Schools Bernalillo Middle School

High Schools Albuquerque High

Others

Tax ID 1-011-053-105198-3-02-17

Acceptable Financing Cash, Conventional, 1031 Exchange, New Loan

Listing Terms Cash, Conventional, 1031 Exchange, New Loan

Special Listing Condition Standard

Listed by James Vidamour • Fay Ranches, Inc.

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Michele Caskey

Agent | License ID: WA#122875 NM#REC20220256

+1(575) 937-3663

3931 Anderson Farm Dr., SW Albuquerque, NM 87105

Michele Caskey

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3931 Anderson Farm Dr., SW