730 Coors Boulevard Northwest , Albuquerque, NM 87121(Bernalillo County)

NM Apartment Advisors is pleased to offer the almost shovel-ready 2.53-acre multifamily development site at 730 Coors Boulevard NW. The site is home to the future complex, The Gathering a 62,142-square-foot complex ready to offer eight residential floor plans from 787 square feet to 940 square feet. The new construction units will be within gated and secured access and offer high-end features of granite countertops, walk-in closets, and other modern upgrades. Many convenient retailers for the residents are nearby, such as the Walmart Neighborhood Market, Walmart Supercenter, Dutch Bros Coffee, the Ladera Shopping Center, Planet Fitness, Big Lots, and more. New Mexicos Rail Runner Express conveniently provides easy public transportation options with multiple stops encompassing the multifamily asset. Currently, there is a two-way easement for Dutch Bros coffee shop along the west edge of the property for parking.

Albuquerque is best known for its scenic views, comfortable weather, and friendly communities, but its inexpensive housing market is perhaps its best-kept secret. Families appreciate the abundance of terrific schools and the quiet neighborhood streets. The University of New Mexico is in the city's center, and Central New Mexico Community College is just a few blocks to the south. The Gatherings development site is nestled along Albuquerques growing westside, a hub for major employers such as Intel, Amazon, and Netflix. Coors Boulevard NW provides easy access to Interstate 40, a major east-to-west route within Albuquerque.

Albuquerque spans 189 miles with a population density of 3,003 people per square mile. It is the largest city in the state and is proving to be underserved regarding residential rental units. The Gathering is a premier opportunity for immense multifamily leasing potential, as 41% of the 10-mile population households are renter-occupied, and 61% are one- and two-person occupied. This strongly signifies the demand for small rental units in the immediate area, perfectly aligning with the development sites capabilities.

The Gatherings construction start date is projected to be June 2024. Dont miss this premier investment opportunity to deliver a sought-after housing asset in a highly demanding market.

Property tours are available by appointment only. Please contact the listing broker to schedule.

Listed by Todd Clarke with NM Apartment Advisors, Inc., NM license #13711.