3931 Anderson Farm Dr., SW Active Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87105
Key Details
Property Type Vacant Land
Sub Type Agriculture
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202403616
HOA Y/N No
Annual Tax Amount $1,185
Tax Year 2023
Lot Size 158.000 Acres
Acres 158.0
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
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