2.44 Acre Parcel, Albuquerque Msa

Lot Description

RI Marketplace Online Auction March 24-26, 2025

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Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±2.44-Acre land parcel located adjacent to 270 Meadowlake Road (the “Property”) in Los Lunas, NM. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±2.44-Acre parcel adjacent to Dollar General and situated on Meadowlake Road with traffic counts of ±5,085 vehicles per day. The Property benefits from highly favorable Rr-1, Rural Residential zoning that allows for a wide variety of uses including principal dwelling, farm, home occupation, and other conditional uses subject to review.

Los Lunas, New Mexico, located just 25 miles south of Albuquerque, is a rapidly growing community with strong economic expansion, pro-business policies, and increasing development activity. As part of the Albuquerque Metropolitan Area, Los Lunas benefits from affordable land, excellent transportation infrastructure, and major corporate investments. The Property benefits from strong demographics with a population of 22,147 residents and an average household income of $60,838 within a 5-mile radius. The population has experienced 6.0% growth from 2020-2024 with 6.6% growth expected to continue through 2029.

Lorraine Sachs Garcia

c/o Fisher Auction Company Inc.

License: 19301

License No. 19355